Afferro Mining Inc. - Director Holdings
/NOT FOR DISTRIBUTION IN THE UNITED
STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES./
LONDON, UK,
Jan. 18, 2013 /CNW/ -The Board of
Afferro Mining Inc. ("Afferro"), (TSX-V) & (AIM: AFF) announces
that 462,500 stock options held by directors and senior employees
expired on January 17, 2013 due to
the company being in a close period given its discussions with
potential partners.
The directors' holdings following the expiry are:
| |
|
Options
expired |
Total
options
held |
Current
shareholding |
% of current
issued share
capital |
| Luis da Silva |
President & CEO |
75,000 |
1,407,500 |
74,826 |
0.07 |
| Dave Evans |
Director |
250,000 |
662,500 |
277,722 |
0.26 |
| David Netherway |
Chairman |
- |
1,305,123 |
137,928 |
0.13 |
| Guy Pas |
Director |
93,750 |
700,000 |
6,128,413 |
5.84 |
| Ousmane Kane |
Director |
- |
100,000 |
- |
- |
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 100% owned Nkout, Ntem and
Akonolinga iron ore projects. It also holds a 70% interest in the
Ngoa project, an exploration target bordering Nkout. Nkout
comprises a National Instrument 43-101 ("NI 43-101") compliant
Indicated Mineral Resource Estimate of 1.19Bt at 32.9% Fe and an
Inferred Mineral Resource Estimate of 1.33Bt at 30.3% Fe.
Qualified Person
Howard Baker
(MAusIMM(CP)) has 18 years' experiences in the mining industry and
10 years' experience in the exploration, definition and mining of
iron ore mineral resources. Mr Baker is a full-time employee
of SRK Consulting (UK) Ltd., an independent consultancy, and has
sufficient experience which is relevant to the style of
mineralisation and type of deposit under consideration, and to the
type of activity which he is undertaking to qualify as a Qualified
Person in accordance with NI 43-101 and a Competent Person as
defined in the June 2009 Edition of
the AIM Note for Mining and Oil & Gas Companies.
Howard Baker consents to the
inclusion in the announcement of the matters based on their
information in the form and context in which it appears and
confirms that this information is accurate and not false or
misleading.
Forward-looking Statements
This announcement includes certain
forward-looking statements. All statements, other than statements
of historical fact, included herein are forward-looking statements
that involve various known and unknown risks and uncertainties as
well as other factors. Such forward looking statements are subject
to a number of risks and uncertainties that may cause actual
results or events to differ materially from current expectations,
including delays in obtaining or failure to obtain required
regulatory approvals. There can be no assurance that such
statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such
statements.
SOURCE Afferro Mining Inc.
