BRIEF-IMIC agrees $200 mln deal for Afferro

LONDON, June 24 Mon Jun 24, 2013 2:19am EDT

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LONDON, June 24 (Reuters) - Afferro Mining Inc : * Recommended agreement for imic to acquire Afferro * Definitive arrangement agreement signed between imic and Afferro for the

proposed acquisition * Acquisition values the fully diluted share capital of Afferro at

approximately US$200 million * Acquisition price per Afferro share of 120P per share * Afferro/imic deal pursuant to a Canadian court-approved plan of arrangement

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