Amur Minerals to Sell Kun-Manie Project in Russia.

MANews-(C)2009-2022

Russia-based nickel-copper sulphide mineral exploration and resource development company Amur Minerals Corp (LSE: AMC) (OTC: AMMCF), which is focused on the far east of Russia, together with its wholly owned subsidiary Irosta Trading Ltd, has entered into a share purchase agreement for the sale of 100% of its interest in Irosta's wholly owned subsidiary, AO Kun-Manie, the company said.

For a total consideration of USD 105m, Stanmix Holding Ltd. will purchase AO KM and the benefit of all amounts owed by AO KM to Amur under intra-group loans.

AO KM is an exploration and mining company which holds the Detailed Exploration and Mine Production mineral licence for the Kun-Manie nickel-copper sulphide project located in Amur Oblast of the Russian Federation.

The total consideration for the...

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