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Provider: Reuters Investment Profile
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Provider: Edison Investment Research
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Provider: GlobalData
$250.00
Provider: GlobalData
$250.00

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Afferro Mining Inc and International Mining and Infrastructure Corp PLC update on acquisition


Monday, 25 Nov 2013 06:30am EST 

Afferro Mining Inc and International Mining and Infrastructure Corp PLC:Say they are updating the market on the Arrangement Agreement, pursuant to which IMIC, through its wholly owned subsidiary, Afferro Holdings Ltd., will acquire all of the issued and to be issued common share capital of the Company.Say the current outside date of Nov. 26 for the completion of the Arrangement will not be met.Say they are in discussion to amend the Arrangement Agreement for a new outside date, which is expected to be no later than Dec. 31.Say Afferro has applied for the cancellation of its shares from admission to the AIM Market of the London Stock Exchange and the TSX-V.Say the Cancellation is currently expected to take place at 07:00 (GMT) on a date no earlier than Dec. 24 and no later than Dec. 31.No further details were provided. 

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