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TSX-V: AFF
AIM: AFF
LONDON,
Oct. 1, 2013 /CNW/ - Afferro Mining
Inc. ("Afferro" or the "Company") announces that, following the
approval of its shareholders and optionholders at the special
meeting held on 16 September 2013 of
the acquisition by IMIC of 100% of the issued and outstanding share
capital of Afferro pursuant to a Canadian court approved plan of
arrangement (the "Arrangement"), and subject to inter alia
IMIC shareholder approval, final court approval and the
satisfaction or waiver of the conditions to closing, including
receipt of all necessary regulatory approvals, the Company has
applied for the cancellation of its shares from admission to the
AIM Market of the London Stock Exchange ("Cancellation"). Following
completion of the Arrangement, the Company's shares will also be
de-listed from the TSX-V.
The Cancellation is currently expected to take
place at 7.00 a.m. on no earlier than
29 October 2013 and no later than
31 October 2013. These dates are
subject to change and confirmation on the final timetable for the
Arrangement and a further announcement will be made in due course.
Following completion of the Arrangement and the Cancellation,
Afferro's shareholders will cease to hold shares in the Company and
accordingly no dealings in Afferro's shares will be able to be
effected.
The Company also confirms that, on 30 September 2013, its capital consisted of
105,153,636 common shares with voting rights. On that date, no
shares were held in treasury. The total number of voting rights in
the Company is, therefore, 105,153,636. This figure may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, Afferro under the FSA's Disclosure
and Transparency Rules.
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 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. Ntem has an Indicated
Mineral Resource Estimate of 39.2Mt at 34.0% Fe and an Inferred
Mineral Resource Estimate of 76.4Mt at 34.2% Fe.
SOURCE Afferro Mining Inc.