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Amur Minerals Corporation, an AIM Rule 15 cash shell, is required to complete a reverse takeover under AIM Rule 14 within six months of its AO Kun-Manie subsidiary disposal. Failure to do so will result in suspension from trading on AIM at 7:30 a.m. on 7 September 2023. The Company would then have a further six months to complete a reverse takeover before its shares' AIM admission is cancelled on 8 March 2024.
| Date | 15 Aug 2023 |
| Time | 09:30:12 |
| Category | Miscellaneous |
| ID | 3732J |
15 August 2023
Amur Minerals Corporation
("Amur" or the "Company")
Cash shell update
Further to the announcement of 6 March 2023 and the disposal of the Company's AO Kun-Manie subsidiary, following which Amur became an AIM Rule 15 cash shell, the board of Amur notes that the Company is required to make an acquisition or acquisitions which constitute(s) a reverse takeover under AIM Rule 14 on or before the date falling six months from the completion of the AO Kun-Manie disposal.
Accordingly, if no such transaction is completed, the Company will be suspended from trading on AIM at 7.30 a.m. on 7 September 2023. Once suspended, Amur will have a further six months to complete a reverse takeover or else admission of the Company's shares on AIM will be cancelled on 8 March 2024.
The board of Amur continues to review a number of reverse takeover opportunities. Further announcements will be made as appropriate.
Enquiries:
|
Company Amur Minerals Corp. |
Nomad and Broker S.P. Angel Corporate Finance LLP |
Public Relations BlytheRay |
|
Robin Young CEO |
Richard Morrison Adam Cowl |
Megan Ray Tim Blythe |
|
+44 (0) 7981 126 818 |
+44 (0) 20 3470 0470 |
+44 (0) 20 7138 3203 |