Schedule 1 - Aureus Mining Inc (8361D)
March 29 2011 - 9:10AM
UK Regulatory
TIDMZZZZ TIDMAAAM
RNS Number : 8361D
AIM
29 March 2011
ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION
IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM
RULES")
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COMPANY NAME:
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Aureus Mining Inc
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COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY
TRADING ADDRESS (INCLUDING POSTCODES) :
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Registered Office: 3350-1055 Dunsmuir Street, Vancouver, British
Columbia, Canada, V7X 1L2
Trading address: 41 Maiden Lane, London WC2E 7LJ, United Kingdom
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COUNTRY OF INCORPORATION:
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Canada
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COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED
BY AIM RULE 26:
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www.aureus-mining.com
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COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR,
IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING
POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE
TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:
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Aureus Mining Inc. is a new company incorporated under the
Canadian Business Corporations Act on 1 February 2011 in order
to facilitate the demerger of AIM and TSXV listed African Aura
Mining Inc.'s gold assets by way of a Plan of Arrangement.
It is intended that upon Admission Aureus Mining Inc. will
be a gold exploration and development company with a 100% interest
in the New Liberty gold deposit in western Liberia which has
an indicated resource of 751,000 ounces of gold grading 4.17g/t
and an inferred resource of 762,000 ounces of gold grading
3.40g/t. The project is being advanced through a definitive
feasibility study. The Company will also hold a 100% interest
in the proximal Ndablama, Weaju, Silver Hills and Gondoja gold
projects all of which are within the Company's Bea Mountain
25 year renewable Mineral Development Agreement. The Company
will also hold interests in exploration licences in Cameroon
and Sierra Leone.
In addition, at Admission the Company will have a 14% interest
in AIM-listed diamond producer Stellar Diamonds Plc (AIM: STEL,
www.stellar-diamonds.com).
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DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS
AS TO TRANSFER OF THE SECURITIES (i.e. where known, number
and type of shares, nominal value and issue price to which
it seeks admission and the number and type to be held as treasury
shares):
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Common Shares of nil par value each
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CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED
MARKET CAPITALISATION ON ADMISSION:
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TBC
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PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
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0.52
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DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH
THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES
(INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:
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The Company will be dual listed and an application has been
made for its securities to be quoted on the Toronto Stock Exchange.
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FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS
(underlining the first name by which each is known or including
any other name by which each is known):
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David George Netherway (Non-Executive Chairman)
David John Reading (Chief Executive Officer)
Luis Guilherme Cabrita da Silva (Non-Executive Director)
David Malcolm Beatty (Non-Executive Director)
Marvin Joseph Singer (Non-Executive Director)
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FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED
AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER
ADMISSION (underlining the first name by which each is known
or including any other name by which each is known):
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Before and after Admission
Number of
Ordinary Percentage of
Shares Issued
beneficially Ordinary Share
held Capital
JP Morgan
Asset
Management 7,870,781 9.14%
Black Rock 4,291,615 4.98%
Vidacos
Nominees
Limited - Guy
Pas 4,946,075 5.75%
Macquarie IMM
Investment
Management 3,080,000 3.58%
The above shareholdings reflect the shareholders of African
Aura Mining Inc. and are subject to change, an update will
be provided when necessary
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NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE
2, PARAGRAPH (H) OF THE AIM RULES:
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N/A
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(i) ANTICIPATED ACCOUNTING REFERENCE DATE (ii) DATE TO WHICH THE
MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN
PREPARED (this may be represented by unaudited interim financial
information) (iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE
REPORTS PURSUANT TO AIM RULES 18 AND 19:
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(i) 31 December
(ii) N/A as Aureus was incorporated on 1
February 2011
(iii) 30 September 2011; 30 June 2012; 30
September 2012
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EXPECTED ADMISSION DATE:
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13 April 2011
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NAME AND ADDRESS OF NOMINATED ADVISER:
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Evolution Securities Limited, 100 Wood Street, London EC2V
7AN
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NAME AND ADDRESS OF BROKER:
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Evolution Securities Limited, 100 Wood Street, London EC2V
7AN
Royal Bank of Canada, 71 Queen Victoria Street, London EC4V
4DE
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OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE
(POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE
AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL
DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:
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The admission document, which will contain full details about
Aureus Mining Inc. and the admission of its securities, will
be available on the Company's website www.aureus-mining.com
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DATE OF NOTIFICATION:
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29 March 2011
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NEW/ UPDATE:
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NEW
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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