Jul. 28, 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 28, 2011 /CNW/ - Afferro Mining Inc. ("Afferro" or the "Company"), the TSX-V / AIM listed exploration and development company with iron ore projects in Cameroon and Liberia, has applied for 93,750 new common shares in the Company ("Common Shares") to be admitted to trading on the AIM market of the London Stock Exchange ("Admission"). Application will also be made for listing on the TSX Venture Exchange ("TSX-V").
The new Common Shares are being issued pursuant to the exercise of options. Admission is expected to become effective on 3 August 2011. The new Common Shares will rank pari passu with the Company's existing Common Shares.
Following admission of the new Common Shares, the total issued share capital of the Company will be 103,914,700 Common Shares, all of which have voting rights.
The above figure (103,914,700) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Afferro Mining Inc.
About Afferro Mining Inc.
Afferro is an established exploration and development company listed on
the TSX-V (AFF) and AIM (AFF). Afferro's portfolio includes the Nkout
iron ore project (the "Nkout Project"), and surrounding iron targets in
Cameroon and which is subject to a resource expansion drilling
programme. Afferro also has a 38.5% interest in the Putu iron ore
project in Liberia (the "Putu Project"), which is subject to a resource
expansion drilling programme and is moving through pre-feasibility
managed by joint venture partner Severstal Resources (the mining
division of London and Moscow listed OAO Severstal). In September 2010,
the Putu Project was granted a 25 year renewable Mineral Development
Agreement by the Government of Liberia.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Afferro Mining Inc.
Luis da Silva, President & CEO
Tel: +44 (0) 20 7257 2930
Evolution Securities Limited
Nominated Adviser: Jeremy Ellis / Neil Elliot
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