Amur Minerals highlights new equity investment into Nathan River Resources by certain shareholders
Amur Minerals Corp (LON:AMC) has revealed that certain existing shareholders of Nathan River Resources Pte Ltd have opted to provide further US$10mln in equity financing to advance the shipment of stockpiles and processing of mined blocks at the Roper Bar iron ore project in the Northern Territories, Australia.
The idea is to take advantage of the current high iron ore prices.
Amur was offered the opportunity to participate in the additional equity but declined in order to focus existing funds on the Kun-Manie nickel-copper sulphide project. Following the additional equity investment, Amur’s convertible loan notes will be convertible into 13.43 per cent of the current issued share capital of Nathan River.
“NRR has exceeded our expectations in regards to the rehabilitation of the infrastructure and the mine start up process,” said Adam Habib, chairman of Amur Minerals.
“The increased shipment targets for this year will deliver dividends in the long run that will capture the higher iron ore prices and will enable NRR to reach profitability sooner.”
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/932451/amur-minerals-highlights-new-equity-investment-into-nathan-river-resources-by-certain-shareholders-932451.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).