Afferro Mining Inc. Special Meeting & Management Information Circular (3378M)
23 Août 2013 - 8:00AM
UK Regulatory
TIDMAFF
RNS Number : 3378M
Afferro Mining Inc.
23 August 2013
NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION
TO U.S. NEWS WIRE SERVICES.
23 August 2013
TSX-V: AFF
AIM: AFF
Afferro Mining Inc. announces date of the Special Meeting and
Posting of Management Information Circular
Afferro Mining Inc. ("Afferro" or the "Company") announces that
a special meeting (the "Meeting") of shareholders and optionholders
of Afferro (collectively, "Securityholders") to consider the
previously announced proposed acquisition by International Mining
& Infrastructure Corporation Plc ("IMIC") of 100% of the issued
and outstanding share capital of Afferro pursuant to a Canadian
court approved plan of arrangement (the "Arrangement") will be held
on 16 September 2013 at 10:30 a.m. Pacific Day Time at the offices
of Blake, Cassels & Graydon LLP, 595 Burrard Street, Suite
2600, Three Bentall Centre, Vancouver, BC V7X 1L3, Canada.
Only Securityholders of record as of the close of business on 16
August 2013 are entitled to receive notice of and to attend, and to
vote at, the Meeting or any adjournments or postponements thereof.
The notice of Meeting and management information circular have been
sent by post to each such Securityholder. A copy of these materials
is also available under the Company's profile on www.sedar.com and
on the Company's website at: www.afferro-mining.com.
Proxies are being solicited by the management of the Company and
should be completed in accordance with the instructions set out
therein and delivered to Computershare Investor Services Inc. in
the manner set out in such proxy on or before 10.30 a.m. (Vancouver
time), 12 September 2013. Holders of the Company's depositary
interests who wish to cast their votes with respect to the Meeting
should follow the explanatory notes set out in the Form of
Instruction.
In addition to Securityholders' approval, the Arrangement is
subject inter alia to final court approval, approval by IMIC
shareholders and the satisfaction or waiver of the conditions to
closing, including receipt of all necessary regulatory approvals.
Should the Arrangement be completed, Afferro will be de-listed from
the TSX Venture Exchange and admission to trading of its securities
from the AIM market of the London Stock Exchange will be cancelled,
and Afferro will become an indirect wholly-owned subsidiary of
IMIC. The proposed Arrangement is currently anticipated to close in
September 2013.
Contact Information
Afferro Mining Inc.
Luis da Silva / Jeremy Cave
Tel: +44 (0) 20 7010 7680
Canaccord Genuity Limited
Financial Adviser
Melissa So / Joe Weaving
Tel: +44 (0)20 7523 8000
Investec
Nominated Advisor and Corporate Broker
Chris Sim / Jeremy Ellis / George Price
Tel: +44 (0) 207 597 5970
RBC Capital Markets
Joint Broker
Martin Eales / Richard Hughes
Tel: +44 (0) 20 7653 4000
Pelham Bell Pottinger
Daniel Thöle / James MacFarlane
Tel: +44 (0) 20 7861 3232
About Afferro Mining Inc.
Afferro is an established exploration and development company
listed on the TSX-V (AFF) and AIM (AFF). Afferro's portfolio
includes the 100% owned Nkout, Ntem and Akonolinga iron ore
projects. It also holds a 70% interest in the Ngoa project, an
exploration target bordering Nkout. All projects are subject to
government rights. Nkout has a National Instrument 43-101 ("NI
43-101") compliant Indicated Mineral Resource Estimate of 1.6Bt at
33.3% Fe and an Inferred Mineral Resource Estimate of 0.9Bt at
30.8% Fe. In addition Nkout has a NI 43-101 compliant Preliminary
Economic Assessment ("PEA") which indicates that the project is
economically viable. Ntem comprises a NI 43-101 compliant Indicated
Mineral Resource Estimate of 39.1Mt at 34.0% Fe and an Inferred
Mineral Resource Estimate of 76.4Mt at 34.2% Fe.
Qualified Person
Howard Baker (MAusIMM(CP)) has 19 years' experience in the
mining industry and 11 years' experience in the exploration,
definition and mining of iron ore mineral resources. Mr Baker is a
full-time employee of SRK Consulting (UK) Ltd., an independent
consultancy, and has sufficient experience which is relevant to the
style of mineralisation and type of deposit under consideration,
and to the type of activity which he is undertaking to qualify as a
Qualified Person in accordance with NI 43-101 and a Competent
Person as defined in the June 2009 Edition of the AIM Note for
Mining and Oil & Gas Companies. Howard Baker consents to the
inclusion in the announcement of the matters based on their
information in the form and context in which it appears and
confirms that this information is accurate and not false or
misleading.
Forward Looking Statements
This announcement includes certain forward-looking statements.
All statements, other than statements of historical fact, included
herein are forward-looking statements that involve various known
and unknown risks and uncertainties as well as other factors. Such
forward looking statements are subject to a number of risks and
uncertainties that may cause actual results or events to differ
materially from current expectations, including delays in obtaining
or failure to obtain required regulatory approvals. There can be no
assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those
anticipated in such statements.
Information about the risks and uncertainties of the Company's
business is provided in its disclosure materials, including its
Annual Information Form and the MD&A for the 12 months ended 31
December 2012, available under the Company's profile on SEDAR at
www.sedar.com. Although the Company has attempted to identify
important factors that could cause actions, events or results to
differ materially from those described in forward looking
information, there may be other factors that cause actions, events
or results not to be as anticipated, estimated or intended. There
can be no assurance that forward looking information will prove to
be accurate, as actual results and future events could differ
materially from those anticipated in such information. Accordingly,
readers should not place undue reliance on forward-looking
information. The forward-looking information contained herein,
speaks only as of the date hereof (unless stated otherwise) and,
except as may be required by applicable law, Afferro disclaims any
obligation to update or modify such forward-looking statements,
either as a result of new information, future events or for any
other reason.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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