AFFERRO MINING INC. ("AFF")
BULLETIN TYPE: Plan of Arrangement-Change Share Type/classification or other attributes,Delist
BULLETIN DATE: December 19, 2013
TSX Venture Tier 1 Company
Plan of Arrangement:
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation in connection with a plan of arrangement (the "Arrangement") conducted under the provisions of the Business Corporations Act (British Columbia) pursuant to the terms of an arrangement agreement dated June 23, 2013 between Afferro Mining Inc. ("Afferro") and International Mining & Infrastructure Corporation PLC ("IMIC"). Upon completion of the Arrangement, IMIC will acquire all of the issued and outstanding Afferro shares, and Afferro will become a indirect wholly-owned subsidiary of IMIC. As a result of the Arrangement, each Afferro shareholder (other than a dissenting shareholder) will receive the following for each Afferro share held:
(i) #0.80 in cash; and
(ii) a two year unsecured convertible note with a principal amount of #0.40 and carrying simple annual interest of 8% payable upon maturity.
The Exchange has been advised that approval of the Arrangement by shareholders of Afferro was received at a special meeting of the shareholders held on September 16, 2013 and that approval of the Arrangement was received from the Supreme Court of British Columbia on October 9, 2013. The full particulars of the Arrangement are set forth in Afferro's Management Information Circular dated August 15, 2013 which is available under Afferro's profile on SEDAR.
Afferro and IMIC closed the Arrangement on December 19, 2013.
Delist:
In conjunction with the closing of the Arrangement, Afferro has requested that its common shares be delisted. Accordingly, effective at the close of business on Thursday, December 19, 2013, the common shares of Afferro Mining Inc. will be delisted from the Exchange.
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