Amur Minerals Corporation (“Amur” or the “Company”), an exploration and development company focused on Far East Russia, announces that it has closed an early settlement for the equity swap agreement entered into with Lanstead Capital LLP (“Lanstead”) in July 2010 (“Lanstead 1”). This has allowed the Company to realise on an accelerated basis total proceeds of GBP 2.07 million, which is more than double the original placing proceeds of GBP 0.89 million. Fees related to the transaction have been included in the reported values. The details of Lanstead 1 were as follows:
Read more (PDF)