Bering Metals to acquire Kun-Manie from Amur Minerals for $35m.

Bering Metals, a Russian incorporated company controlled by Vladislav Sviblov, agreed to acquire Kun-Manie, a nickel-copper sulphide project, from Amur Minerals, a nickel-copper sulphide mineral exploration and resource development company, for $35m. "The $35m offer for the purchase of our Kun-Manie asset is a last and final offer from Bering Metals, a Russian incorporated company controlled by Vladislav Sviblov. Economic sanctions and Russian foreign currency exchange controls implemented with regard to the 'Special Military Operation' have adversely impacted our ability to advance, develop and place Kun-Manie into production in the foreseeable future. Given the geopolitical situation, we highly recommend that shareholders approve the offer which at completion and receipt of a single payment of $35m, a special dividend of 1.8 pence will be paid to shareholders within 90 days of receipt of funds," Robin Young, Amur CEO.