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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Afferro Min | LSE:AFF | London | Ordinary Share | CA00818V1031 | COM SHS NPV(UK REG) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 88.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMAFF
RNS Number : 1407O
Afferro Mining Inc.
17 September 2013
NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES.
17 September 2013
TSX-V: AFF AIM: AFF
AFFERRO MINING INC.
Afferro Shareholders Vote in Favour of Proposed Acquisition by IMIC
The Board of Afferro Mining Inc. ("Afferro" or the "Company") announces that, at a special meeting (the "Meeting") held on 16 September 2013 in Vancouver, Canada, Afferro shareholders and optionholders (collectively, "Securityholders") voted in favour of the previously announced proposed 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"). The Arrangement resolution was approved by 97.03% of the shareholders of Afferro present in person or represented by proxy at the Meeting and by 100% of the optionholders of Afferro present in person or represented by proxy at the Meeting.
In addition to the approval of Afferro Securityholders, the Arrangement is subject inter alia to IMIC shareholder approval, final court approval and the satisfaction or waiver of the conditions to closing, including receipt of all necessary regulatory approvals. As previously announced, it is expected that the Arrangement will complete by 31 October 2013.
David Netherway, Chairman of Afferro, commented: "We are pleased that Afferro shareholders and optionholders have voted with the Board of Afferro at this special meeting to consider the Company's acquisition by IMIC and the opportunity to further progress Afferro's flagship Nkout project and unlock value through IMIC's ability to continue to de-risk the project and provide an infrastructure solution. We now look forward to the completion of the transaction, which we expect to take place next month."
For further information please contact one of the following:
Contact Information
Afferro Mining Inc.
Luis da Silva / Jeremy Cave
Tel: +44 (0) 20 7010 7680
Canaccord Genuity Limited
Financial Advisor
Melissa So / Joe Weaving
Tel: +44 (0) 20 7523 8000
Investec Bank plc
Nominated Adviser and Corporate Broker
Chris Sim / Jeremy Ellis / George Price
Tel: +44 (0) 207 597 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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