/NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US
NEWS WIRE SERVICES/
LONDON, Sept. 23, 2011 /CNW/ - Afferro Mining Inc. ("Afferro" or the
"Company"), the TSX-V / AIM listed exploration and development company
with iron ore projects in Cameroon and Liberia, announces that it has
made a blocklisting application to the London Stock Exchange for up to
7,222,933 common shares of nil par value each ("Common Shares"). These
Common Shares are to be issued pursuant to the exercise of options
under the Afferro Mining Stock Option Plan.
All Common Shares issued pursuant to the exercise of options under the
option awards described above will rank parri passu with existing
Common Shares. It is expected that the blocklisting will become
effective on 29 September 2011.
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 Nkout
iron ore project (the "Nkout Project"), and surrounding iron targets in
Cameroon and which is subject to a resource expansion drilling
programme. Afferro also has a 38.5% interest in the Putu iron ore
project in Liberia (the "Putu Project"), which is subject to a resource
expansion drilling programme and is moving through pre-feasibility
managed by joint venture partner Severstal Resources (the mining
division of London and Moscow listed OAO Severstal). In September 2010,
the Putu Project was granted a 25 year renewable Mineral Development
Agreement by the Government of Liberia.
Howard Baker has some ten years experience in the exploration,
definition and mining of iron ore Mineral Resources. Howard 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 mineralization 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 NI43-101 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accept responsibility for the adequacy or accuracy of this release.
SOURCE Afferro Mining Inc.
For further information:
Afferro Mining Inc.
Luis da Silva / Jeremy Cave
Tel: +44 (0) 20 7257 2930
Evolution Securities Limited
Nominated Adviser: Jeremy Ellis / Neil Elliot
Corporate Broker: Tim Redfern / Jonathan Wynn
Tel: +44 (0) 20 7071 4300
RBC Capital Markets
Joint Broker: Martin Eales / Richard Hughes
Tel: +44 (0) 20 7653 4000
Pelham Bell Pottinger
Charles Vivian / James MacFarlane
Tel: +44 (0) 20 7861 3232