27th Aug 2019 10:23
(Alliance News) - Amur Minerals Corp on Tuesday said Non-Executive Director Tom Bowens has subscribed for 7.5 million new shares, raising GBP162,972 for the company.
The subscription was priced at 2.165 pence per share, Amur's closing price in London on Friday last week. Amur said the lack of a discount makes the subscription "a more competitive source of funds" than the firm's current loan facility.
Following the deal, Bowens will own 7.5 million Amur shares, around a 1% stake in the nickel-copper sulphide exploration and development firm.
Shares in Amur were down 1.9% at 2.12 pence in London on Tuesday morning.
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