16th Jun 2017 13:18
For immediate release
16 June 2017
West African Minerals Corporation
("West African" or the "Company")
Holding(s) in Company
The Board of the Company announces that the Company has received today the following TR-1 notification which is set out below without material amendment:
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | WEST AFRICAN MINERALS CORPORATION | |||
2 Reason for the notification (please tick the appropriate box or boxes): | ||||
An acquisition or disposal of voting rights | √ | |||
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | ||||
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | ||||
An event changing the breakdown of voting rights | ||||
Other (please specify): | ||||
3. Full name of person(s) subject to thenotification obligation: iii | PLINIAN CAPITAL LIMITED | |||
4. Full name of shareholder(s) (if different from 3.):iv | HUNTRESS (CI) NOMINEES LIMITED | |||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 16TH JUNE 2017 | |||
6. Date on which issuer notified: | 16TH JUNE 2017 | |||
7. Threshold(s) that is/are crossed orreached: vi, vii | 3,4,5,6,7,8% | |||
8. Notified details: | ||||||||||||||||
A: Voting rights attached to shares viii, ix | ||||||||||||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | ||||||||||||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights x | ||||||||||||
Direct | Direct xi | Indirect xii | Direct | Indirect | ||||||||||||
VGG9544K1021 | 32,353,998 | 32,353,998 | 0 | 0 | 0% | |||||||||||
B: Qualifying Financial Instruments | ||||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||||
Type of financialinstrument | Expirationdate xiii | Exercise/Conversion Period xiv | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights | ||||||||||||
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | ||||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||||
Type of financialinstrument | Exercise price | Expiration date xvii | Exercise/Conversion period xviii | Number of voting rights instrument refers to
| % of voting rights xix, xx
| |||||||||||
| Nominal | Delta | ||||||||||||||
Total (A+B+C) | ||||||||||||||||
Number of voting rights | Percentage of voting rights | |||||||||||||||
0 | 0% | |||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | ||
| ||
Proxy Voting: | ||
10. Name of the proxy holder: | ||
11. Number of voting rights proxy holder will cease to hold: | ||
12. Date on which proxy holder will cease to hold voting rights: | ||
13. Additional information: |
EXECUTION ONLY AND NOMINEE BROKER | |
14. Contact name: | LEE HAMMOND | |
15. Contact telephone number: | 01481 732760 | |
For further information contact:
West African Minerals Corporation | Gerard Holden
| +44 (0) 1624 639 396
|
Beaumont Cornish Limited (Nominated Adviser) | Roland Cornish Michael Cornish
| +44 (0)20 7628 3396 |
Beaufort Securities Limited (Broker)
| Jon Belliss | +44 (0)20 7382 8300 |
About West African Minerals Corporation
West African Minerals Corporation ((AIM: WAFM) is an iron ore mining and exploration group which has built a portfolio of iron ore assets. Through its 100 % owned subsidiary Compagnie Minière du Cameroun SA, the Group owns exploration licenses spanning the coastal regions in proximity to existing and developing ports, to licenses in the southeast along the extensive iron ore corridor that hosts other advanced deposits.
Further information and a copy of this announcement is available on the Group is available at www.westafricanminerals.com
ENDS
Related Shares:
OKYO.L