Amur Minerals Corporation (“Amur” or the “Company”) an exploration and mineral resource development company focused on East Russia announces that it has issued 2,450,787 ordinary shares for a combination of accrued commission fees and shares for service fees.
By issuance of shares in lieu of fees, Amur continues to conserve the funds raised in the previous two placings that were undertaken in August 2009. Of the total number issued, 1,840,493 ordinary shares have been issued for professional services (“Service Shares”) and the remaining 610,294 have been issued to cover fees relating to previous placing agreements (“Commission Shares”).
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