TORONTO, April 24, 2018 -- Asian Mineral Resources Ltd. advises shareholders that it has entered into a further loan agreement with Pala Investments Limited , a shareholder of AMR, to assist with funding of redundancy payments to the employees of its subsidiary Ban Phuc Nickel Mines LLC . The loan is for an aggregate principal amount of US$380,000.00, has a fixed maturity date of March 31, 2019 and carries an interest [...]
TORONTO, April 20, 2018 -- Asian Mineral Resources Ltd. wishes to announce the decision to appoint Duncan Blount as a Director, replacing Kate Southwell, who has resigned from her role as Non-Executive Director as of April 20, 2018. Commenting on the changes, Robin Widdup, Chairman of AMR, said: “We welcome Duncan in his role as a Director of the Company. On behalf of the Board, I would like to thank Kate for her [...]
TORONTO, April 16, 2018 -- Asian Mineral Resources Ltd. advises shareholders that its Board of Directors has continued exploring its strategic options with regard to the Ban Phuc Nickel Mine in Son La, Vietnam. To date, the focus of potential strategic alternatives involved the sale of all or substantially all of the assets comprising the Ban Phuc Nickel Mine in Son La, Vietnam. Unfortunately, those strategic discussions [...]
TORONTO, Dec. 18, 2017 -- Asian Mineral Resources Ltd. announces that 7,000,000 common shares of the Company have been issued to its Chief Executive Officer, Mr. Duncan Blount, pursuant to the terms of his employment agreement. The shares will be subject to a hold period, such that they cannot be traded prior to September 22, 2018. The Company has received conditional approval from the TSXV for the issue of the shares [...]
TORONTO, Oct. 19, 2017 (GLOBE NEWSWIRE) -- Asian Mineral Resources Ltd. (“AMR” or the “Company”) (TSXV:ASN) today announces that its Board of Directors (the “Board”) has initiated a strategic review process to explore its options with regard to the Ban Phuc Nickel Mine in Vietnam with the goal of enhancing shareholder value. Through its 90%-owned Ban Phuc Nickel Mines [...]
TORONTO, ONTARIO--(Marketwired - Sep 5, 2017) - Asian Mineral Resources Ltd. ("AMR" or the "Company") (TSX VENTURE:ASN) today announces that it has completed its Technical Report supporting the potential of its regional exploration prospects at the Company's 90% owned Ta Khoa Concession in Son La Province, Vietnam, covering a 49.7 km2 area surrounding the Ban Phuc Nickel Mine. The report has been filed on SEDAR [...]
TORONTO, ONTARIO--(Marketwired - Aug 2, 2017) - Asian Mineral Resources Ltd. ("AMR" or the "Company") (TSX VENTURE:ASN), which owns the Ban Phuc nickel mine in Vietnam, is pleased to announce the appointment of Kate Southwell to the Board of Directors, replacing Martyn Buttenshaw who will resign from the board, effective August 2, 2017. Robin Widdup, Chairman of the Board said, "We warmly welcome Ms. Southwell to the [...]
TORONTO, ONTARIO--(Marketwired - Apr 24, 2017) - Asian Mineral Resources Ltd. ("AMR" or the "Company") (TSX VENTURE:ASN) is pleased to announce that it has entered into a net smelter royalty return agreement (the "NSR Agreement") with Cobalt 27 Capital Corp. ("Cobalt 27") related to the sale of cobalt by AMR from its Ta Khoa concession in Vietnam. Under the terms of the NSR Agreement, AMR will receive C$300,000 equivalent [...]
Asian Mineral Resources has today granted stock options to its Chief Executive Officer, Duncan Blount, as follows: i) fifteen million options exercisable at Cdn $0.05 per share; ii) fifteen million options exercisable at Cdn $0.075 per share; and iii) fifteen million options exercisable at Cdn $0.10 per share. The stock options granted to Mr. Blount shall have a five-year term and shall vest in equal instalments of five [...]
TORONTO, ONTARIO--(Marketwired - Mar 22, 2017) - Asian Mineral Resources Ltd. ("AMR" or the "Company") (TSX VENTURE:ASN) is pleased to announce changes to the management and Board of the company. The changes to the management and Board are designed to reposition the company to more effectively and efficiently advance the follow-up on the advanced-stage nickel exploration prospects on AMR's tenements in the prolific Son Da [...]
TORONTO, ONTARIO--(Marketwired - Mar 6, 2017) - Asian Mineral Resources Ltd. ("AMR" or the "Company") (TSX VENTURE:ASN) is pleased to announce that all resolutions presented before the Company's shareholders at the Annual & Special Meeting held March 6, 2017, including board membership, appointment of auditors and approval of the continuance of the Company's amended and restated stock option plan were passed. Elected as [...]
Asian Mineral Resources advises shareholders with regards to the proposed acquisition of Kasbah Resources that the Company and Kasbah have mutually agreed to terminate the Scheme Implementation Agreement entered into in relation to the Scheme. The Company continues its exploration activities in the highly-prolific Song Da rift zone in Vietnam, where AMR has a world class exploration tenement package with a number of [...]