Amur Minerals Corporation (“Amur” or the “Company”), that is developing a nickel copper sulphide project located in the Russian Far East, announces that it has simultaneously completed a two tier financing. The financing consists of the following:
- The Company has entered into a share exchange transaction with Grafton Resource Investments Ltd (“Grafton”) having an approximate value of £589,000 (the “Share Exchange”) which has been approved by Grafton’s board of directors.
- The Company has also signed a Placing Letter to raise £120,900 (the “Placing”) in cash by way of a placing of 3.1 million ordinary shares (the “Placing Shares”) at 3.9p each (“Placing Price”) with Black River LP (“Black River Funds”).
- Both transactions meet the guidelines established by the Russian Federation’s Anti-Monopoly Board (FAS).
Read more (PDF)