Afferro Mining Update on Discussions With IMIC

By
A A A

Afferro Mining Inc. (AFF.V), the exploration and development company focused on iron ore in Cameroon, noteD the announcement made on the 8 May 2013 by International Mining and Infrastructure Corporation plc, confirming that it has successfully arranged financing of US$100 million for the cash element of its potential offer for the entire issued and to be issued share capital of the company.

Afferro has now received the relevant documentation for the source of funds and discussions on the indicative offer are taking place. There can be no certainty that any formal offer for the company will be forthcoming nor as to the terms of any such offer. Afferro advises shareholders to take no action at this time.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks:

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

Most Active by Volume

35,692,548
  • $10.56 ▼ 2.58%
27,754,120
  • $17.09 ▼ 0.18%
25,973,949
  • $118.118 ▲ 1.41%
24,626,330
  • $34.6699 ▼ 1.73%
19,730,670
  • $36.30 ▲ 1.99%
17,821,455
  • $47.73 ▼ 0.52%
16,873,722
  • $34.84 ▲ 1.57%
16,802,822
  • $40.82 ▲ 2.69%
As of 11/24/2014, 12:57 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com