Source - Alliance News

Amur Minerals Corp on Monday announced a narrowed interim loss as it reviewed several reverse takeover opportunities, following the sale of its Russia-based subsidiary in March.

The cash shell and former Russia-focused nickel copper sulphide exploration company said in the six months to June 30, its pretax loss stretched to $2.0 million from $1.7 million a year prior.

The company said it paid a special dividend of 1.8 pence per share for the $35 million sale of its former subsidiary AO Kun-Manie back in March.

As Amur Minerals did not complete an acquisition by September 6 as was required after its sale of AO Kun-Manie, its shares have been suspended from AIM since September 7.

‘The board of Amur continues to review a number of reverse takeover opportunities. Geographically, these have been located in Canada, the US, Scandinavia, Spain, Brazil, Peru, Chile, Ghana, Mali, Kenya and Australia. Commodities have included potash, silica, alumina, copper, nickel, gold, silver, metallurgical coking coal, energy fuels substitutes, lime and lithium. A total of 17 opportunities have been considered,’ the company said.

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