Schedule 1 Update - Aureus Mining Inc (4057E)

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RNS Number : 4057E

AIM

06 April 2011

 
        ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION 
         IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM 
                                    RULES") 
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 COMPANY NAME: 
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 Aureus Mining Inc 
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 COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY 
  TRADING ADDRESS (INCLUDING POSTCODES) : 
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 Registered Office: 3350-1055 Dunsmuir Street, Vancouver, British 
  Columbia, Canada, V7X 1L2 
  Trading address: 41 Maiden Lane, London WC2E 7LJ, United Kingdom 
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 COUNTRY OF INCORPORATION: 
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 Canada 
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 COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED 
  BY AIM RULE 26: 
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 www.aureus-mining.com 
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 COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, 
  IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING 
  POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE 
  TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED: 
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 Aureus Mining Inc. is a new company incorporated under the 
  Canadian Business Corporations Act on 1 February 2011 in order 
  to facilitate the demerger of AIM and TSXV listed African Aura 
  Mining Inc.'s gold assets by way of a Plan of Arrangement. 
  It is intended that upon Admission Aureus Mining Inc. will 
  be a gold exploration and development company with a 100% interest 
  in the New Liberty gold deposit in western Liberia which has 
  an indicated resource of 751,000 ounces of gold grading 4.17g/t 
  and an inferred resource of 762,000 ounces of gold grading 
  3.40g/t. The project is being advanced through a definitive 
  feasibility study. The Company will also hold a 100% interest 
  in the proximal Ndablama, Weaju, Silver Hills and Gondoja gold 
  projects all of which are within the Company's Bea Mountain 
  25 year renewable Mineral Development Agreement. The Company 
  will also hold interests in exploration licences in Cameroon 
  and Sierra Leone. 
  In addition, at Admission the Company will have a 14% interest 
  in AIM-listed diamond producer Stellar Diamonds Plc (AIM: STEL, 
  www.stellar-diamonds.com). 
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 DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS 
  AS TO TRANSFER OF THE SECURITIES (i.e. where known, number 
  and type of shares, nominal value and issue price to which 
  it seeks admission and the number and type to be held as treasury 
  shares): 
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 Common Shares of nil par value each 
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 CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED 
  MARKET CAPITALISATION ON ADMISSION: 
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 TBC 
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 PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION: 
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 0.52 
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 DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH 
  THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES 
  (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED: 
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 The Company will be dual listed and an application has been 
  made for its securities to be quoted on the Toronto Stock Exchange. 
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 FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS 
  (underlining the first name by which each is known or including 
  any other name by which each is known): 
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 David George Netherway (Non-Executive Chairman) 
  David John Reading (Chief Executive Officer) 
  Luis Guilherme Cabrita da Silva (Non-Executive Director) 
  David Malcolm Beatty (Non-Executive Director) 
  Marvin Joseph Singer (Non-Executive Director) 
  Adrian James Reynolds (Non-Executive Director) 
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 FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED 
  AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER 
  ADMISSION (underlining the first name by which each is known 
  or including any other name by which each is known): 
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 Before and after Admission 
                        Number of 
                         Ordinary    Percentage of 
                           Shares           Issued 
                     beneficially   Ordinary Share 
                             held          Capital 
   JP Morgan 
    Asset 
    Management          7,870,781            9.14% 
   Vidacos 
    Nominees 
    Limited - Guy 
    Pas                 4,946,075            5.75% 
   Blackrock            4,291,615            4.98% 
   Macquarie IMM 
    Investment 
    Management          3,080,000            3.58% 
  The above shareholdings reflect the shareholders of African 
  Aura Mining Inc. and are subject to change. An update will 
  be provided when necessary 
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 NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 
  2, PARAGRAPH (H) OF THE AIM RULES: 
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 N/A 
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            (i) ANTICIPATED ACCOUNTING REFERENCE DATE (ii) DATE TO WHICH THE 
            MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN 
            PREPARED (this may be represented by unaudited interim financial 
            information) (iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE 
            REPORTS PURSUANT TO AIM RULES 18 AND 19: 
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  (i)     31 December 
   (ii)    N/A as Aureus was incorporated on 1 
           February 2011 
   (iii)   30 September 2011; 30 June 2012; 30 
           September 2012 
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 EXPECTED ADMISSION DATE: 
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 13 April 2011 
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 NAME AND ADDRESS OF NOMINATED ADVISER: 
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 Evolution Securities Limited, 100 Wood Street, London EC2V 
  7AN 
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 NAME AND ADDRESS OF BROKER: 
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 Evolution Securities Limited, 100 Wood Street, London EC2V 
  7AN 
  Royal Bank of Canada, 71 Queen Victoria Street, London EC4V 
  4DE 
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 OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE 
  (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE 
  AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL 
  DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES: 
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 The admission document, which will contain full details about 
  Aureus Mining Inc. and the admission of its securities, will 
  be available on the Company's website www.aureus-mining.com 
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 DATE OF NOTIFICATION: 
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 6 April 2011 
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 NEW/ UPDATE: 
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 UPDATE 
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