Amur Minerals Corporation (“Amur” or the “Company”), an exploration and development company focused on Far East Russia, announces that it has it has entered into a subscription agreement to raise £2,500,000 by way of a placing of 25,000,000 ordinary shares (the “Placing Shares”) at 10p each to Lanstead Capital L.P. (“Lanstead”), an institutional investor.
The funds are being raised for general working capital purposes and to undertake and accelerate additional exploration and engineering works at Kun-Manie, the Company’s main nickel copper exploration project.
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