Business
AFFERRO MINING INC. - Updated Timetable of Events in Advance of Arrangement Including Halt of Trading on TSX-V and Suspension of Trading on AIM
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES....
About this update from Affinity Metals Corp
[{"type":"text","content":"\n\n\n/NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US\n NEWS WIRE SERVICES./\n\n\nTSX-V: AFF\nAIM: AFF\n\n\nLONDON, Dec. 13, 2013 /CNW/ - Further to the announcement made on 29\n November 2013, Afferro Mining Inc. (\"Afferro\", or the \"Company\", TSX-V:\n AFF, AIM: AFF) is releasing an updated indicative timetable of\n principal events including the expected date that Afferro shares will\n be halted from trading on the TSX-V and suspended from trading on AIM\n in anticipation of the arrangement (the \"Arrangement\") between the\n Company and International Mining & Infrastructure Corporation plc\n (\"IMIC\") becoming effective. Under the terms of the Arrangement, IMIC,\n through its wholly owned subsidiary, Afferro Holdings Ltd., will\n acquire all of the issued common shares in the capital of the Company\n (\"Afferro Shares\").  For each share or depositary interest held Afferro\n shareholders and holders of depositary interests will receive £0.80 in\n cash and a convertible loan note issued by IMIC in the principal amount\n of £0.40.\n\n\n\n\nEvent\n\n\nDate\n\n\n\n\nLast day of trading in Afferro Shares on TSX-V\n\n\n13 December 2013\n\n\n\n\nLast day of trading in Afferro securities on AIM\n\n\n16 December 2013\n\n\n\n\nIMIC General Meeting to vote on the Arrangement\n\n\n16 December 2013\n10.00 a.m. (GMT)\n\n\n\n\nAfferro Shares suspended from trading on TSX-V with effect from\n\n\n16 December 2013\n9.00 a.m. (EST) 2.00 p.m. (GMT)\n\n\n\n\nDate of calculation of holders of Afferro depositary interests\n entitlements to payment\n\n\n16 December 2013\n6.00 p.m. (GMT)\n\n\n\n\nAfferro securities suspended from trading on AIM with effect from\n\n\n17 December 2013\n8.00 a.m. (GMT)\n\n\n\n\nEffective date of the Arrangement\n\n\n19 December 2013\n\n\n\n\nCancellation of admission to trading of Afferro shares on AIM and the\n delisting of Afferro shares on the TSX-V\n\n\n20 December 2013\n\n\n\n\nCrediting of cash consideration to CREST accounts of holders of\n depositary interests on AIM\n\n\n20 December 2013\n\n\n\n\nExpected date for dispatch of cheques for payment of cash consideration\n to Afferro shareholders where cash consideration is not satisfied\n through CREST (e.g. TSX-V) (1)\n\n\nby 31 December 2013\n\n\n\n\nExpected date for dispatch of convertible loan notes(1)\n\...