Afferro Mining Inc. Timetable for Closing Stages of Arrangement (2756U)
29 Novembre 2013 - 10:36AM
UK Regulatory
TIDMAFF
RNS Number : 2756U
Afferro Mining Inc.
29 November 2013
NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION
TO US NEWS WIRE SERVICES.
29 November 2013
AFFERRO MINING INC.
Detailed Timetable for Closing Stages of Arrangement
Afferro Mining Inc. ("Afferro", or the "Company", ticker: AFF)
is pleased to release the expected timetable of principal events
leading to the completion of the Arrangement, pursuant to which
International Mining & Infrastructure Corporation plc ("IMIC"),
through its wholly owned subsidiary, Afferro Holdings Ltd., will
acquire all of the issued and to be issued common share capital of
the Company.
Milestone Date
----------------------------------------------------- -----------------
IMIC posts Circular and Notice of General Meeting 28 November 2013
to shareholders
----------------------------------------------------- -----------------
IMIC General Meeting held to vote on the Arrangement 16 December 2013
----------------------------------------------------- -----------------
Last day of dealings in Afferro shares 16 December 2013
----------------------------------------------------- -----------------
Afferro shares suspended from trading on AIM 17 December 2013
and TSX-V and IMIC shares suspended from trading
on AIM
----------------------------------------------------- -----------------
Anticipated completion of the Arrangement 19 December 2013
----------------------------------------------------- -----------------
Cancellation of admission to trading of Afferro 20 December 2013
shares on AIM and the TSX-V
----------------------------------------------------- -----------------
These dates may be subject to change and such changes will be
notified to a Regulatory Information Service. As previously
announced, the outside date for the Arrangement remains at 31
December 2013.
For further information please contact one of the following or
visit the Company's website at www.afferro-mining.com:
Afferro Mining Inc.
Luis da Silva/Jeremy Cave
+44 (0) 20 7010 7680
Canaccord Genuity Limited
Financial Adviser
Neil Elliot/Joe Weaving
+44 (0) 20 7523 8000
Investec Bank Plc
Nominated Adviser and Joint Broker
George Price/Chris Sim/Jeremy Ellis
+44 (0) 20 7597 5970
RBC Capital Markets
Joint Broker
Jonathan Hardy/Richard Hughes
+44 (0) 20 7653 4000
Pelham Bell Pottinger
Public Relations Adviser
Daniel Thöle/James MacFarlane
+44 (0) 20 7861 3232
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. 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 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.
This news release contains forward-looking statements concerning
the expected completion date of the Arrangement. There can be no
assurance that the Arrangement will occur or that the anticipated
strategic benefits and operational, competitive and cost synergies
will be realized. The Arrangement remains conditional on approval
by IMIC shareholders and the satisfaction or waiver of the
conditions to closing, including receipt of all necessary
regulatory approvals, and there can be no assurance that any such
approvals will be obtained in a timely manner or at all and/or any
such conditions will be met.
The Arrangement could be modified, restructured or terminated.
Readers are cautioned that the foregoing list of factors is not
exhaustive. Other risks and uncertainties not presently known to
Afferro or that Afferro presently believes are not material could
also cause actual results or events to differ materially from those
expressed in the forward-looking statements contained herein.
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.
About Afferro
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 an Indicated Mineral Resource Estimate
of 1.6Bt at 33.3% Fe and an Inferred Mineral Resource Estimate of
0.9Bt at 30.8% Fe which are supported by the technical report
titled "Mineral Resource Estimate and Preliminary Economic
Assessment for the Nkout Iron Project, Community of Djoum, Cameroon
May 2013" with the effective date May 28, 2013 . Ntem has an
Indicated Mineral Resource Estimate of 39.1Mt at 34.0% Fe and an
Inferred Mineral Resource Estimate of 76.4Mt at 34.2% Fe which are
supported by the technical report titled "Mineral Resource Estimate
for the Ntem (Fe08) Iron Ore Project, South Province, Cameroon May
2013, with the effective date 3 May 2013.
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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