By Jaime Llinares TaboadaACQUIRER: A subsidiary of Britmar (Asia) Pte Ltd. SELLER: Amur Minerals Corp.TARGET: Carlo Holdings Ltd., which holds $4.7 million of secured convertible loan notes in Nathan River Resources Pte Ltd., the owner of the Roper Bar iron ore project in Australia. PRICE: $6.1 million in cashEXPECTED CLOSE: Completion to take place immediatelyRATIONALE: The sale represents a $1.5 million profit for Amur when set against its original investment. Amur intends to use the money to fund the development of its Kun-Manie nickel-copper-sulphide project in Russia. Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

Source: Wall Street Journal July 05, 2021 06:22 UTC