Amur Minerals issues new shares in covertible loan deal

Russia-focused Amur Minerals on Tuesday said it had issued 3,543,960 new ordinary shares of no par value of the company to Cuart Investments PCC Ltd and YA II PN Ltd in settlement of $163,589 of principal and accrued interest.

The nickel-copper sulphide mineral exploration and resource development company was following up on a convertible loan agreement entered into on 13 February 2018.

In a statement it said application will be made to the London Stock Exchange plc for the shares to be admitted to trading on the AIM market with admission expected to occur on or around 16 July 2018.