LAST BUT NOT LEAST — AMR completes placement

A private placement consisting of 43 million shares at 50 cents each has been arranged by Alberta-listed Advanced Material Resources (AMR). Proceeds from the $21.5 million placement will enable AMR to expand its two joint ventures in China and negotiate for a third project.

The company’s current joint ventures, the Jiangyin factory in Jiansu province and the Zibo factory in Shandong province, involve two plants which produce rare earth oxide and metals.