Malaysia Smelting Corporation Berhad and its affiliates acquire 30,000,000
units of Asian Mineral Resources Limited
The investment is part of a non-brokered private placement by AMR of 59,000,000 units.
As a result of this investment, MSC and its affiliates hold 50,779,261 common shares (29.9%) of AMR on a non-undiluted basis and, upon exercise of the warrants, 80,779,261 common shares of AMR (35.0%) assuming exercise of all warrants or 40.0% assuming exercise only by MSC and its affiliates.
MSC and its affiliates are part of the Tecity Group, a Singapore-based group of companies controlled by family members of the late
MSC and its affiliates are acquiring the AMR units for investment purposes. This investment in AMR will be reviewed on a continuing basis and these holdings may be increased or decreased in the future.
For further information: For further information: Malaysia Smelting Corporation Berhad, Sharifah Faridah Abdul Rasheed, Phone number: (603) 2166-9260, E-mail: [email protected]
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