Amur Minerals looks for reverse takeover after disposal of Kun-Manie

Amur Minerals Corporation’s Robin Young joins Proactive to talk about the process to complete the agreed disposal of its Kun-Manie nickel project in Russia.

Following receipt of the consideration of US$35mln cash, the company confirmed that intends to pay a special dividend of 1.8p per share within 90 days of completion.

At the end of June, it had cash of US$5.3mln in the bank, down from US$6.7mln at the start of 2022, with no debt.

He details plans to find a suitable company or business for a reverse takeover, which would require shareholder approval.

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