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AFFERRO MINING INC. ("Afferro" or "the Company") and INTERNATIONAL MINING & INFRASTRUCTURE CORPORATION PLC ("IMIC") - Amendment to Arrangement Agreement relating to Afferro Acquisition
/THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DIST...
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[{"type":"text","content":"\n\n\n/THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR\n PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR\n INTO THE UNITED STATES, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA\n OR NEW ZEALAND OR ANY JURISDICTION IN WHICH SUCH PUBLICATION RELEASE OR\n DISTRIBUTION WOULD BE UNLAWFUL/\n\n\nAfferro Mining IncTSX-V: AFFAIM: AFF\n\n\nInternational Mining & Infrastructure Corporation PLCAIM: IMIC\n\n\nLONDON, UK, Sept. 13, 2013 /CNW/ - IMIC and Afferro have agreed to amend\n the Arrangement Agreement (details of which were announced on 24 June\n 2013 and 18 July 2013) pursuant to which IMIC, through its wholly owned\n subsidiary, Afferro Holdings Ltd., will acquire all of the issued and\n to be issued common share capital of Afferro (the \"Arrangement\").\n\n\nThe amendments provide for the extension of the outside date to 31\n October 2013. In addition to the approval of the shareholders of IMIC\n and Afferro, the Arrangement is subject inter alia to final court\n approval and the satisfaction or waiver of the conditions to closing,\n including receipt of all necessary regulatory approvals. It is expected\n that the Arrangement will complete by 31 October 2013. All other\n commercial details of the Arrangement Agreement remain unchanged.\n\n\nFurther Information on Afferro and IMIC\n\n\nFurther information on Afferro and its assets can be found at www.afferro-mining.com\n\n\nFurther information on IMIC can be found at www.imicplc.com\n\n\nA copy of the arrangement agreement will also be filed on Sedar and can\n be found at www.sedar.com\n\n\nAdvisors\n\n\nCanaccord Genuity Limited is acting as Afferro's exclusive financial\n advisor in relation to the Transaction. Investec is Afferro's Nominated\n Advisor and Joint Broker. RBC Capital Markets is Afferro's Joint\n Broker.\n\n\nMerrill Lynch International (\"Bank of America Merrill Lynch\"), a\n subsidiary of Bank of America Corporation, is acting exclusively for\n IMIC in connection with the Transaction and for no one else and will\n not be responsible to anyone other than IMIC for providing the\n protections afforded to its clients or for providing advice in relation\n to the Transaction.\n\n\nWH Ireland is IMIC's Nominated Advisor and Joint Broker. Ocean Equities\n Limited is IMIC's Joint Broker.\n\n\nAbout IMIC\n\n\nInternational Mi...