/NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US
NEWS WIRE SERVICES./
LONDON, UK, Sept. 19, 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, has applied for 20,000
new common shares in the Company ("Common Shares") to be admitted to
trading on the AIM market of the London Stock Exchange ("Admission").
Application will also be made for listing on the TSX Venture Exchange
The new Common Shares are being issued pursuant to the exercise of
options. Admission is expected to become effective on 23 September
2011. The new Common Shares will rank pari passu with the Company's existing Common Shares.
Following admission of the new Common Shares, the total issued share
capital of the Company will be 103,934,700 Common Shares, all of which
have voting rights.
The above figure (103,934,700) 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 Mining Inc.
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