Lanstead Equity Swap Agreement

RNS Number : 7330X

Amur Minerals Corporation

02 September 2015

 

2 September 2015

AMUR MINERALS CORPORATION

(AIM: AMC)

Lanstead Equity Swap Agreement

Amur Minerals Corporation (AIM: AMC or the "Company") is pleased to announce that it has now received approximately £3 million from Lanstead Capital L.P. ("Lanstead") through the Lanstead equity swap agreement entered into in July 2013 and as detailed in the RNS dated 23 July 2013 (the "Equity Swap Agreement"). The Equity Swap Agreement enabled the Company to secure much of the potential upside arising from anticipated near term news flow.

This receipt of £3 million is in addition to the £5 million placing proceeds the Company received from Lanstead under the July 2013 Equity Swap Agreement.   This total, which is in excess of £8 million, represents a 60% increase in receipts achieved by AMC than had originally been anticipated under the Equity Swap Agreement. 

As at the date of this announcement there is one monthly settlement outstanding. The final result will be announced following the completion of this final monthly settlement tranche. 

Lanstead currently holds less than 1% of the issued outstanding ordinary shares of the Company.

Enquiries:

Company Amur Minerals Corp.	Nomad and Broker S.P. Angel Corporate Finance LLP	Public Relations Yellow Jersey
Robin Young CEO	Ewan Leggat Katy Birkin	Dominic Barretto Kelsey Traynor
[phone]	[phone]	[phone]

Notes to Editors:

The information contained in this announcement has been reviewed and approved by the CEO of Amur, Robin Young. Mr. Young is a Geological Engineer (cum laude) and is a Qualified Professional Geologist, as defined by the Toronto and Vancouver Stock Exchanges.

For further information, see the Company website at www.amurminerals.com. 

 

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