TIDMAFF
RNS Number : 6574J
Afferro Mining Inc.
18 July 2013
THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR
PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH
AFRICA OR NEW ZEALAND OR ANY JURISDICTION IN WHICH SUCH PUBLICATION
RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL
18 July 2013
Afferro Mining Inc
TSX-V: AFF
AIM: AFF
International Mining & Infrastructure Corporation PLC
AIM: IMIC
AFFERRO MINING INC.
("Afferro" or "the Company")
and
INTERNATIONAL MINING & INFRASTRUCTURE CORPORATION PLC
("IMIC")
Amendment to Arrangement Agreement for IMIC to acquire
Afferro
IMIC and Afferro have agreed to amend the Arrangement Agreement,
details of which were announced on 24 June 2013. The amendment
provides for the extension of the outside date to 29 September 2013
to allow both parties to prepare all necessary documentation. All
other commercial details of the Arrangement Agreement remain
unchanged.
Further Information on Afferro and IMIC
Further information on Afferro and its assets can be found at
www.afferro-mining.com
Further information on IMIC can be found at www.imicplc.com
A copy of the arrangement agreement will also be filed on Sedar
and can be found at www.sedar.com
Advisors
Canaccord Genuity Limited is acting as Afferro's exclusive
financial advisor in relation to the Transaction. Investec is
Afferro's Nominated Advisor and Joint Broker. RBC Capital Markets
is Afferro's Joint Broker.
Merrill Lynch International ("Bank of America Merrill Lynch"), a
subsidiary of Bank of America Corporation, is acting exclusively
for IMIC in connection with the Transaction and for no one else and
will not be responsible to anyone other than IMIC for providing the
protections afforded to its clients or for providing advice in
relation to the Transaction.
WH Ireland is IMIC's Nominated Advisor and Joint Broker. Ocean
Equities Limited is IMIC's Joint Broker.
Contact Information
For further information, please contact:
International Mining and Infrastructure Corporation plc
www.imicplc.com
+44 (0) 20 7290 3340
Haresh Kanabar, Chairman
Ousmane Kane, Chief Executive Officer
James Ward, Finance Director
Bank of America Merrill Lynch - Financial Adviser to IMIC
+44 (0) 20 7628 1000
Omar Davis
Ken McLaren
Ocean Equities Limited - Joint Broker to IMIC
+44 (0) 20 7786 4370
Guy Wilkes
Will Slack
WH Ireland Limited - Nominated Adviser and Joint Broker to
IMIC
www.wh-ireland.co.uk
+44 (0) 117 945 3470
Mike Coe
Buchanan - Media and Investor Relations Adviser to IMIC
www.buchanan.uk.com
+44 (0) 20 7466 5000
Mark Court
Fiona Henson
Sophie Cowles
Afferro Mining Inc.
www.afferro-mining.com
+44 (0) 20 7010 7680
Luis da Silva, Chief Executive Officer
Jeremy Cave, Investor Relations
Canaccord Genuity Limited - Financial Adviser to Afferro
+44 (0) 20 7523 8000
Melissa So
Joe Weaver
Investec - Nominated Adviser and Joint Broker to Afferro
+44 (0) 20 7597 5970
George Price
Chris Sim
Jeremy Ellis
RBC Capital Markets - Joint Broker to Afferro
+44 (0) 20 7653 4000
Martin Eales
Richard Hughes
Pelham Bell Pottinger - Media and Investor Relations Adviser to
Afferro
+44 (0) 20 7861 3232
Daniel Thöle
James MacFarlane
About IMIC
International Mining Infrastructure Corporation plc (IMIC), in
conjunction with its privately held strategic partner African Iron
Ore Group (AIOG), is working to unlock value in the metals and
mining industry in West and Central Africa by providing
infrastructure solutions, for railways, deep-water ports, power
and/or iron ore beneficiation, that will allow the region's
emerging iron ore projects to develop into globally significant
export operations.
IMIC and AIOG are well positioned to partner African host
countries in the delivery of infrastructure arrangements, and to
assist with initiatives that best address the long-term aspirations
of their governments and people.
China, as consumer of 70% of the world's seaborne iron ore, is
key to this opportunity. A best in breed alliance of Chinese
construction and equipment groups and iron ore off-takers has been
carefully assembled to provide funding and delivery of projects and
onward sale of iron ore.
AIOG's major infrastructure project, in partnership with IMIC,
is the Simandou South iron ore project in the Republic of Guinea,
where there is an agreement with the Guinean government to deliver
a multi-purpose, multi-user infrastructure solution which
ultimately could become the backbone of the country's transport
network.
IMIC also takes strategic stakes in junior miners with the
intention of benefiting from the uplift in value once an
infrastructure solution is initiated.
IMIC shares are traded on the London Stock Exchange's AIM market
under the ticker symbol IMIC.
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 a National Instrument 43-101 ("NI
43-101") compliant Indicated Mineral Resource Estimate of 1.6Bt at
33.3% Fe and an Inferred Mineral Resource Estimate of 0.9Bt at
30.8% Fe. In addition Nkout has a NI 43-101 compliant Preliminary
Economic Assessment ("PEA") which indicates that the project is
economically viable. Ntem comprises a NI 43-101 compliant Indicated
Mineral Resource Estimate of 39.1Mt at 34.0% Fe and an Inferred
Mineral Resource Estimate of 76.4Mt at 34.2% Fe.
Qualified Person
Howard Baker (MAusIMM(CP)) has 19 years' experience in the
mining industry and 11 years' experience in the exploration,
definition and mining of iron ore mineral resources. Mr 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.
Forward-looking Statements
This announcement includes certain forward-looking statements.
All statements, other than statements of historical fact, included
herein are forward-looking statements that involve various known
and unknown risks and uncertainties as well as other factors. Such
forward looking statements are subject to a number of risks and
uncertainties that may cause actual results or events to differ
materially from current expectations, including delays in obtaining
or failure to obtain required regulatory approvals. There can be no
assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those
anticipated in such statements.
Information about the risks and uncertainties of the Company's
business is provided in its disclosure materials, including its
Annual Information Form and the MD&A for the 12 months ended 31
December 2012, available under the Company's profile on SEDAR at
www.sedar.com. Although the Company has attempted to identify
important factors that could cause actions, events or results to
differ materially from those described in forward looking
information, there may be other factors that cause actions, events
or results not to be as anticipated, estimated or intended. There
can be no assurance that forward looking information will prove to
be accurate, as actual results and future events could differ
materially from those anticipated in such information. Accordingly,
readers should not place undue reliance on forward-looking
information. The forward-looking information contained herein,
speaks only as of the date hereof (unless stated otherwise) and,
except as may be required by applicable law, Afferro disclaims any
obligation to update or modify such forward-looking statements,
either as a result of new information, future events or for any
other reason.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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Afferro Min (LSE:AFF)
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