AFF Afferro Min

TIDMAFF

RNS Number : 1407O

Afferro Mining Inc.

17 September 2013

NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES.

17 September 2013

   TSX-V:     AFF 
   AIM:         AFF 

AFFERRO MINING INC.

Afferro Shareholders Vote in Favour of Proposed Acquisition by IMIC

The Board of Afferro Mining Inc. ("Afferro" or the "Company") announces that, at a special meeting (the "Meeting") held on 16 September 2013 in Vancouver, Canada, Afferro shareholders and optionholders (collectively, "Securityholders") voted in favour of the previously announced proposed acquisition by IMIC of 100% of the issued and outstanding share capital of Afferro pursuant to a Canadian court approved plan of arrangement (the "Arrangement"). The Arrangement resolution was approved by 97.03% of the shareholders of Afferro present in person or represented by proxy at the Meeting and by 100% of the optionholders of Afferro present in person or represented by proxy at the Meeting.

In addition to the approval of Afferro Securityholders, the Arrangement is subject inter alia to IMIC shareholder approval, final court approval and the satisfaction or waiver of the conditions to closing, including receipt of all necessary regulatory approvals. As previously announced, it is expected that the Arrangement will complete by 31 October 2013.

David Netherway, Chairman of Afferro, commented: "We are pleased that Afferro shareholders and optionholders have voted with the Board of Afferro at this special meeting to consider the Company's acquisition by IMIC and the opportunity to further progress Afferro's flagship Nkout project and unlock value through IMIC's ability to continue to de-risk the project and provide an infrastructure solution. We now look forward to the completion of the transaction, which we expect to take place next month."

For further information please contact one of the following:

Contact Information

Afferro Mining Inc.

Luis da Silva / Jeremy Cave

Tel: +44 (0) 20 7010 7680

Canaccord Genuity Limited

Financial Advisor

Melissa So / Joe Weaving

Tel: +44 (0) 20 7523 8000

Investec Bank plc

Nominated Adviser and Corporate Broker

Chris Sim / Jeremy Ellis / George Price

Tel: +44 (0) 207 597 5970

RBC Capital Markets

Joint Broker: Martin Eales / Richard Hughes

Tel: +44 (0) 20 7653 4000

Pelham Bell Pottinger

Daniel Thöle / James MacFarlane

Tel: +44 (0) 20 7861 3232

This information is provided by RNS

The company news service from the London Stock Exchange

END

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