/NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US
NEWS WIRE SERVICES./
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.
For further information:
For further information please see the Company's website at www.afferro-mining.com or contact one of the following:
Afferro Mining Inc.
Luis da Silva / Jeremy Cave
Tel: +44 (0) 20 7010 7680
Canaccord Genuity Limited
Melissa So / Joe Weaving
Tel: +44 (0) 20 7523 8000
Investec Bank Plc
Nominated Adviser and Joint Broker:
Chris Sim / Jeremy Ellis / George Price
Tel: +44 (0) 20 7597 5970
RBC Capital Markets
Joint Broker: Martin Eales / Richard Hughes
Tel: +44 (0) 20 7653 4000
Pelham Bell Pottinger
Daniel Thöle / James MacFarlane
Tel: +44 (0) 20 7861 3232