TSX-V EXCHANGE APPROVAL AND CLOSING OF PLACING

 

TIDMAAAM 
 
RNS Number : 2498X 
African Aura Mining Inc. 
02 December 2010 
 

 
 
 
 
THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, 
RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OR ANY 
OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE 
UNLAWFUL 
 
2 December 2010 
 
TSX-V:   AUR 
AIM:       AAAM 
                            African Aura Mining Inc. 
 
              TSX VENTURE EXCHANGE APPROVAL AND CLOSING OF PLACING 
 
2 December 2010, African Aura Mining Inc. ("African Aura" or the "Company")the 
TSX-V (AUR) and AIM (AAAM) listed exploration and development company with 
divisions focused on iron ore and gold projects in sub-Saharan Africa, is 
pleased to announce that, further to the Company's news release dated 26 
November 2010, the Company has received TSX Venture Exchange approval for and 
closed its placement of 13,515,797 common shares in the capital of the Company 
("Common Shares") at 150 pence per share, for aggregate gross proceeds of 
approximately GBP20.3 million (c. US$32.0 million). 
 
In consideration for its services as underwriter in connection with the 
placement, the Company has agreed to pay Evolution Securities Limited a cash 
commission of GBP857,034. 
 
Certain of the shares issued in the placement, being those placed to insiders of 
the Company, are subject to a hold period and may not be traded in Canada until 
3 April 2011, except as permitted by applicable Canadian securities laws and the 
TSX Venture Exchange. 
 
Restricted Jurisdiction 
The new Common Shares have not been, and will not be, registered under the 
United States Securities Act of 1933, as amended (the "Securities Act"), and, 
may not be offered, sold or delivered, directly or indirectly, in the United 
States or to or for the account or benefit of any U.S. person unless the 
securities are registered under the Securities Act or an exemption from the 
registration requirements of the Securities Act is available. 
 
About African Aura Mining Inc. 
African Aura is an established exploration and development company listed on the 
TSX-V (AUR) and London's AIM (AAAM). The Company operates two divisions, namely: 
iron ore and gold: 
 
-        The iron ore division includes its 38.5% interest in the Putu iron ore 
project in Liberia, which is moving through pre-feasibility managed by joint 
venture partner Severstal Resources (the mining division of Moscow listed OAO 
Severstal). In September 2010 Putu was granted a 25 year renewable Mineral 
Development Agreement by the Government of Liberia. The division also includes a 
100% interest in the Nkout iron ore project and surrounding iron targets in 
Cameroon which is subject to a resource definition drilling programme. 
 
-        The gold division includes the multi million ounce potential New 
Liberty greenstone gold deposit, which is being advanced through a bankable 
feasibility study, and the proximal Ndablama, Weaju, Silver Hills and Gondoja 
gold projects all within the Company's Bea Mountain 25 year renewable Mineral 
Development Agreement. 
 
 In addition, the Company presently has a 22% interest in AIM-listed diamond 
producer Stellar Diamonds Plc (AIM: STEL, www.stellar-diamonds.com). 
 
 The Company has a highly motivated and experienced team with a track record 
of discovering mines and taking projects through development and into 
production. As a pioneer, African Aura has attracted some excellent strategic 
partners and shareholders, always with the objective of preserving or enhancing 
shareholder value. For further information on the Company you are invited to 
visit its website at www.african-aura.com, or SEDAR's website at www.sedar.com. 
 
For further information, please contact: 
 
+---------------------------------+---------------------------------+ 
| African Aura Mining Inc.        | Tel:  [phone]      | 
| Luis da Silva, President & CEO  |                                 | 
|                                 |                                 | 
+---------------------------------+---------------------------------+ 
| Evolution Securities Limited    | Tel:  [phone]      | 
| Simon Edwards / Tim Redfern     |                                 | 
|                                 |                                 | 
+---------------------------------+---------------------------------+ 
| Pelham Bell Pottinger           | Tel:  [phone]      | 
| Charles Vivian / James          |                                 | 
| MacFarlane                      |                                 | 
|                                 |                                 | 
+---------------------------------+---------------------------------+ 
NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENT OF THIS 
ANNOUNCEMENT. 
 
 
This Announcement has been issued by and is the sole responsibility of the 
Company. No representation or warranty, express or implied, is or will be made 
as to, or in relation to, and no responsibility or liability is or will be 
accepted by Evolution or by any of its respective affiliates or agents as to or 
in relation to, the accuracy or completeness of this Announcement or any other 
written or oral information made available to or publicly available to any 
interested party or its advisers, and any liability therefore is expressly 
disclaimed. 
Evolution is acting as Global Co-ordinator and Sole Bookrunner in connection 
with the Placing. Evolution, which is authorised and regulated by the Financial 
Services Authority, is acting for the Company in connection with the Placing and 
will not be responsible to anyone other than the Company for providing the 
protections afforded to the clients of Evolution nor for providing advice in 
relation to the Placing or any other matter referred to herein. 
The distribution of this Announcement and the Placing of the Placing Shares in 
certain jurisdictions may be restricted by law. No action has been taken by the 
Company or Evolution that would permit an offering of such shares or possession 
or distribution of this Announcement or any other offering or publicity material 
relating to such shares in any jurisdiction where action for that purpose is 
required. Persons into whose possession this announcement comes are required by 
the Company and Evolution to inform themselves about, and to observe, such 
restrictions. 
The information in this Announcement shall not constitute an offer to sell or 
the solicitation of an offer to buy, nor shall there be any sale of, the 
securities referred to herein in any jurisdiction in which such offer, 
solicitation or sale would require preparation of any prospectus or other offer 
documentation, or be unlawful prior to registration, exemption from registration 
or qualification under the securities laws of any such jurisdiction. 
No public offer of securities of the Company is being made in the United 
Kingdom, the United States, Canada or elsewhere. The information in this 
Announcement does not constitute or form a part of any offer or solicitation to 
purchase or subscribe for securities in the United States. The securities 
mentioned herein have not been, and will not be, registered under the United 
States Securities Act of 1933 (the "Securities Act") nor the security laws of 
any state or other jurisdiction of the United States. The securities mentioned 
herein may not be offered or sold in the United States except pursuant to 
Regulation S under the Securities Act or another exemption from, or transaction 
not subject to, the registration requirements of the Securities Act. There will 
be no public offer of securities in the United States. 
The information in this Announcement may not be forwarded or distributed to any 
other person and may not be reproduced in any manner whatsoever. Any forwarding, 
distribution, reproduction, or disclosure of this information in whole or in 
part is unauthorised. Failure to comply with this directive may result in a 
violation of the Securities Act or the applicable laws of other jurisdictions. 
 
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term 
is defined in policies of the TSX Venture Exchange) accepts responsibility for 
the adequacy or accuracy of this release. 
 
Ends 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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