Amur Minerals Corporation ('Amur' or the 'Company'), the nickel-copper sulphide mineral exploration and resource development company focused on the far east of Russia, is pleased to inform shareholders that, further to the announcement made on 8 December 2015, it entered into a subscription agreement with Crede CG III Ltd, a wholly owned subsidiary of Crede Capital Group, LLC ('Investor') on 14 December 2015 for an issue of new ordinary shares of no par value in the Company ('Subscription Shares') with a value of up to £12.5 million with attached warrants (together the 'Financing'). Crede Capital Group is a U.S.-based family office with a successful record of investing in emerging European growth companies.
The Company allotted, conditional on Admission (as defined below), 22,727,273 Subscription Shares to the Investor at a price of 11 pence per share on 14 December 2015 to raise a gross total of £2.5 million. Amur has also issued warrants over 17,045,455 ordinary shares of no par value in the Company ('Ordinary Shares') on 14 December 2015 exercisable at a price of 14.3 pence per Ordinary Share for a period of 5 years.
Read more (PDF)