Amur Minerals Corporation (AIM:AMC) executed a share and purchase agreement to acquire Extruded Pharmaceuticals Ltd for £5.5 million on May 13, 2024. As part of consideration, Amur Minerals will issue 3,939,986 New Ordinary Shares. Proposed share consolidation at a ratio of 1:160.

The transaction is expected to complete on May 31, 2024. Richard Morrison and Adam Cowl of SP Angel Corporate Finance LLP acted as financial advisor to Amur Minerals. Fieldfisher LLP acted as legal advisor to Amur Minerals.