/NOT FOR DISTRIBUTION IN THE UNITED
STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES./
TSX-V: AFF
AIM: AFF
LONDON, UK, April 3, 2013 /CNW/ - The board of directors of
Afferro Mining Inc. ("Afferro" or the "Company", TSX-V & AIM:
AFF) has adopted an Advance Notice Policy (the "Policy"). The
purpose of the Policy is to provide shareholders, directors and
management of the Company with a clear framework for nominating
directors of the Company at a shareholders' meeting. The Company is
committed to: (i) facilitating an orderly and efficient annual
general or, where the need arises, special meeting process; (ii)
ensuring that all shareholders receive adequate notice of the
director nominations and sufficient information with respect to all
nominees; and (iii) allowing shareholders to register an informed
vote, having been afforded reasonable time for appropriate
deliberation. The Policy is intended to further these
objectives.
The Policy, among other things, includes a
provision that requires advance notice to the Company in certain
circumstances where nominations of persons for election to the
board of directors are made by shareholders of the Company. The
Policy fixes a deadline by which director nominations must be
submitted to the Company prior to any annual or special meeting of
shareholders and sets forth the information that must be included
in the notice to the Company. No person will be eligible for
election as a director of the Company unless nominated in
accordance with the Policy.
In the case of an annual meeting of
shareholders, notice to the Company must be made not less than 30
days and not more than 65 days prior to the date of the annual
meeting; provided, however, that, in the event that the annual
meeting is to be held on a date that is less than 50 days after the
date on which the first public announcement of the date of the
annual meeting was made, notice may be made not later than the
close of business on the 10th day following such public
announcement.
In the case of a special meeting of shareholders
called for the purpose of electing directors (whether or not called
for other purposes), notice to the Company must be made not later
than the close of business on the 15th day following the day on
which the first public announcement of the date of the special
meeting was made.
The board of directors intends to seek
shareholder ratification of the Policy at Afferro's next annual and
special meeting.
The full text of the Policy is available under
the Company's profile at www.sedar.com and on the Company's
corporate website www.afferro-mining.com.
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. Nkout
comprises a National Instrument 43-101 ("NI 43-101") compliant
Indicated Mineral Resource Estimate of 1.19Bt at 32.9% Fe and an
Inferred Mineral Resource Estimate of 1.33Bt at 30.3% Fe.
Qualified Person
Howard Baker
(MAusIMM(CP)) has 18 years' experience in the mining industry and
10 years' experience in the exploration, definition and mining of
iron ore mineral resources. Mr Baker is a full-time employee of SRK
Consulting (UK) Ltd., an independent consultancy, and has
sufficient experience which is relevant to the style of
mineralisation and type of deposit under consideration, and to the
type of activity which he is undertaking to qualify as a Qualified
Person in accordance with NI 43-101 and a Competent Person as
defined in the June 2009 Edition of
the AIM Note for Mining and Oil & Gas Companies. Howard Baker consents to the inclusion in the
announcement of the matters based on their information in the form
and context in which it appears and confirms that this information
is accurate and not false or misleading.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accept responsibility for the
adequacy or accuracy of this release.
SOURCE Afferro Mining Inc.
