NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US
NEWS WIRE SERVICES.
LONDON, UK, Feb. 29, 2012 /CNW/ - Afferro Mining Inc. ("Afferro" or the
"Company") the TSX-V / AIM listed iron ore exploration and development
company, confirms that, on 29 February 2012, its capital consisted of
104,010,387 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, 104,010,387.
The above figure (104,010,387) 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 iron ore project and surrounding iron ore targets in
Cameroon. At Nkout, Afferro has an NI 43-101 compliant indicated
mineral resource estimate of 944Mt at 32.7% Fe and an inferred mineral
resource estimate of 1.05Bt at 31.6% Fe. Afferro has a 38.5% interest
in Severstal Liberia Iron Ore Ltd. which indirectly owns the Putu iron
ore project in 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 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. A 43-101 technical report titled "Mineral Resource
Estimate for the Nkout Iron Ore Project", dated 15 November 2011, has
been filed on SEDAR.
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: Neil Elliot / George Price
Corporate Broker: Chris Sim
Tel: +44 (0) 20 7071 4300
RBC Capital Markets
Joint Broker: Martin Eales / Richard Hughes
Tel: +44 (0) 20 7653 4000
Pelham Bell Pottinger
Nick Lambert / James MacFarlane
Tel: +44 (0) 20 7861 3232