Board Restructuring
Amur Minerals Corporation (“Amur” or the “Company”), an exploration and development company focused on Far East Russia, announces that it entered into a placing agreement with broker Hybridan LLP to raise up to £1,236,153 by way of a placing (“the Placing”) of up to 35,318,684 ordinary shares (“Placing Shares”) at 3.5p each (“Placing Price”).
In addition, the Company has agreed to issue a further 1,428,570 new ordinary shares at 3.5p to its CEO Robin Young in lieu of salary that is owed to him.
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