By Devika Patel
Knoxville, Tenn., July 2 - Amur Minerals Corp. said it raised £1.02 million in a private placement of shares.
The company sold 6 million ordinary shares at 17p per share to Black River Asset Management LLP.
Fox-Davies Capital Ltd. was the co-broker.
Proceeds will be used for exploration and development at Kun-Manie, the company's main nickel exploration project in the Amur region of Far East Russia, and for general operating expenses.
Based in the British Virgin Islands, United Kingdom, Amur is a mineral resource development company focused on base metal projects located in the Far East of Russia, where it has three projects.
| Issuer: | Amur Minerals Corp.
|
| Issue: | Ordinary shares
|
| Amount: | £1.02 million
|
| Shares: | 6 million
|
| Price: | 17p
|
| Warrants: | No
|
| Co-broker: | Fox-Davies Capital Ltd.
|
| Investor: | Black River Asset Management LLP
|
| Settlement date: | July 2
|
| Stock symbol: | London: AMC
|
| Stock price: | 16.75p at close July 1
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
