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Afferro Shareholders Vote in Favour of Proposed Acquisition by IMIC
/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: AFFAIM: AFF\n\n\nLONDON, Sept. 16, 2013 /CNW/ - The Board of Afferro Mining Inc.\n (\"Afferro\" or the \"Company\") announces that, at a special meeting (the\n \"Meeting\") held on 16 September 2013 in Vancouver, Canada, Afferro\n shareholders and optionholders (collectively, \"Securityholders\") voted\n in favour of the previously announced proposed acquisition by IMIC of\n 100% of the issued and outstanding share capital of Afferro pursuant to\n a Canadian court approved plan of arrangement (the \"Arrangement\"). The\n Arrangement resolution was approved by 97.03% of the shareholders of\n Afferro present in person or represented by proxy at a Meeting and by\n 100% of the optionholders of Afferro present in person or represented\n by proxy at the Meeting.\n\n\nIn addition to the approval of Afferro Securityholders, the Arrangement\n is subject inter alia to IMIC shareholder approval, final court\n approval and the satisfaction or waiver of the conditions to closing,\n including receipt of all necessary regulatory approvals. As previously\n announced, it is expected that the Arrangement will complete by 31\n October 2013.\n\n\nDavid Netherway, Chairman of Afferro, commented: \"We are pleased that Afferro shareholders and optionholders\n have voted with the Board of Afferro at this special meeting to\n consider the Company's acquisition by IMIC and the opportunity to\n further progress Afferro's flagship Nkout project and unlock value\n through IMIC's ability to continue to de-risk the project and provide\n an infrastructure solution. We now look forward to the completion of\n the transaction, which we expect to take place next month.\"\n\n\nAbout Afferro Mining Inc.\n\n\nAfferro is an established exploration and development company listed on\n the TSX-V (AFF) and AIM (AFF). Afferro's portfolio includes the 100%\n owned Nkout, Ntem and Akonolinga iron ore projects. It also holds a 70%\n interest in the Ngoa project, an exploration target bordering Nkout.\n All projects are subject to government rights. Nkout has an Indicated\n Mineral Resource Estimate of 1.6Bt at 33.3% Fe and an Inferred Mineral\n Resource Estimate of 0.9Bt at 30.8% Fe. Ntem comprises an Indicated\n Mineral Resource Estimate of 39.1Mt at 34.0%...