Jul. 25, 2011 (Canada NewsWire Group) --
NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES.
TSX-V: AFF
AIM: AFF
LONDON, UK, July 25, 2011 /CNW/ - Afferro Mining Inc. ("Afferro" or the "Company"), the TSX-V / AIM (AFF) listed exploration and development company with iron ore projects in Cameroon and Liberia, announces that Bevan Metcalf will assume the role of full-time Chief Financial Officer. In accordance with his agreed terms and pursuant to the Company's stock option plan, the Company has granted Mr Metcalf 150,000 stock options. The stock options have been issued at a price of Cdn$1.51 per common share, exercisable immediately and for a period of five years from 22 July 2011.
Luis da Silva, Chief Executive of Afferro, commented:
"We are very pleased that Bevan has agreed to dedicate all his time to
Afferro. He has been CFO on a part-time basis since January 2008 but
the demands on his time have grown in line with the growth and
development of the Company."
Afferro Mining Inc.
Luis da Silva, President & CEO
Tel: +44 (0) 20 7257 2930
Evolution Securities Limited
Nominated Adviser: Jeremy Ellis
Corporate Broker: Tim Redfern / Jonathan Wynn
Tel: +44 (0) 20 7071 4300
RBC Capital Markets
Joint Broker: Martin Eales / Richard Hughes
Tel: +44 (0) 20 7653 4000
Pelham Bell Pottinger
Charles Vivian / James MacFarlane
Tel: +44 (0) 20 7861 3232