Amur to hold EGM to consider authorising increasing capital base to facilitate corporate transactions

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Amur to hold EGM to consider authorising increasing capital base to facilitate corporate transactions

Amur Minerals Corporation (LON:AMC) has said it is to hold an extraordinary general meeting on June 19, with the main item on the agenda a resolution to increase the amount of shares the company is allowed to issue.

“The directors remain cognisant at all times of potential mergers, acquisitions or investments which would benefit the company’s business,” Amur said in its official notice to the market.

“Such potential transactions include acquiring interests in revenue-generating assets or financial instruments within the mining sector to provide the company with a reliable source of income going forward, or where the company will be able to add short to medium-term value.” 

The proposal is that the company be allowed to increase the amount of shares it can issue from 1bn to 2bn.

Shareholders will not be allowed to attend, due to social distancing rules, but instead will be invited to participate by email.

“Any specific questions on the business of the extraordinary general meeting and resolutions can be submitted ahead of the General Meeting by e-mail to [email protected] (marked for the attention of the ‘Amur Minerals EGM’)”, the company said.

“We will publish these general meeting related questions (other than any questions which cannot be addressed for legal or regulatory reasons) and answers on our website in the lead up to, and after, the meeting.”

Proactiveinvestors.co.uk

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