Business
AFRICAN AURA MINING INC. ("African Aura" or the "Company") - Publication of 2010 Accounts
Apr. 1, 2011 (Canada NewsWire Group) -- NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISS...
About this update from Affinity Metals Corp
[{"type":"text","content":"\n\n\n Apr. 1, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nNOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US\n NEWS WIRE SERVICES.\n\n\nTSX-V: AUR\nAIM: AAAM\n\n\nLONDON, UK, April 1 /CNW/ - The Board of African Aura is pleased to\n release the Audited Consolidated Financial Statements of the Company\n for the year ended, December 31, 2010 which should be read in\n conjunction with the accompanying Management Discussion and Analysis.\n These documents have been filed on Sedar and are available on the\n Company's website http://www.african-aura.com or at www.sedar.com.\n\n\nLuis da Silva, President and CEO of African Aura commented:\n\n\n"The Board believes that the current value of the Company does not\n recognise fully its gold and iron ore assets. As a consequence\n management has decided to demerge its gold assets in order to address\n this undervaluation. Pursuant to the Arrangement the Company (which\n will be renamed "Afferro Mining") will develop the iron ore assets,\n while a new company, "Aureus Mining", will develop the gold assets. The\n restructuring plans are nearing completion with the next milestone in\n the restructuring process being the special meeting of shareholders\n scheduled for April 5, 2011. Assuming that shareholders vote in favour\n of the resolutions, the arrangement is expected to complete on April\n 13, 2011. Pursuant to the Arrangement, the last day of dealings to have\n the right to receive Aureus s...