Afferro Mining Inc.: Holdings in Company
09.10.2013 | CNW
LONDON, Oct. 9, 2013 - Afferro Mining Inc. ("Afferro" or the "Company") (TSX-V: AFF, AIM: AFF) the exploration and development company focused on iron ore in Cameroon, was notified on 08 October 2013 by UBS AG that as at the close of business on 08 October 2013 it no longer had a disclosable interest in the Company, having previously notified the Company on 22 July 2013 that it held 5,476,000 ordinary shares, representing 5.21 of the Company's issued share capital.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. All projects are subject to government rights. Nkout has an Indicated Mineral Resource Estimate of 1.6Bt at 33.3% Fe and an Inferred Mineral Resource Estimate of 0.9Bt at 30.8% Fe. Ntem has an Indicated Mineral Resource Estimate of 39.2Mt at 34.0% Fe and an Inferred Mineral Resource Estimate of 76.4Mt at 34.2% Fe.
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Contact
Afferro Mining Inc.
Luis da Silva / Jeremy Cave
Tel: +44 (0) 20 7010 7680
Investec Bank Plc
Nominated Adviser and Joint Broker:
Chris Sim / Jeremy Ellis / George Price
Tel: +44 (0) 20 7597 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