5th Mar 2008 15:45
Amur Minerals Corporation05 March 2008 05 March 2008 Amur Minerals Corporation ("Amur" or "the Company") Result of Shareholders' Meeting Placing of 7,000,000 Placing Units at an issue price of 37p each Further to the announcement made on 14 February 2008, the Company is pleased toannounce that all resolutions put to the Shareholders' Meeting of the Companyearlier today in connection with the placing of Placing Units (each Placing Unitcomprising 2 Ordinary Shares and 1 Warrant) at 37p per Placing Unit were dulypassed. The placing to raise £2.59 million (before expenses) was subscribed in full andit is anticipated that the 14,000,000 new Ordinary Shares allotted pursuant tothe placing will be admitted to trading on AIM on 6 March 2008. As a result of the placing, Banque Cramer & Cie SA has become the holder of13,766,000 Ordinary Shares in the Company, representing 11.9% of the enlargedshare capital. Enquiries: Company Co-Broker Nomad and Public Relations Co-BrokerAmur Minerals Fox-Davies Capital RBC Capital Bankside Corp. Limited Markets Consultants Robin Young, CEO Daniel Fox-Davies Andrew Smith Michael Padley Martin Eales Louise Davis+7 (495) 629 4418 +44 (0) 20 7936 5200 +44 (0) 20 7029 +44 (0) 20 7367 7881 8881 Notes to Editors Amur Minerals Corporation is a mineral resource development company focused onbase metal projects located in the far east of Russia where it has threeprojects. Its recent JORC compliant resource estimate for its flagship Kun-Manieproject is 341,000 tonnes of contained nickel and 95,500 tonnes of copper andthis is expected to increase as further exploration is completed. This resource,which has been achieved in only 16 months of field work, makes Kun-Manie one ofthe largest new nickel sulphide discoveries since Voisey's Bay. In December 2007, Amur received the results of an independently compiledpre-feasibility study, which conservatively indicates a Post Tax NPV (10%) of$84 million with an IRR of 15.7%. The study contemplates producing 16,000 tonnesof nickel per year in concentrate from three deposits drilled to date on theKun-Manie license as well as noting considerable upside potential. For further information about Amur, please visit the Company's website atwww.amurminerals.com. This information is provided by RNS The company news service from the London Stock Exchange