15th Feb 2013 09:48
For immediate release
15 February 2013
West African Minerals Corporation
("WAFM" or the "Company")
Significant Shareholders
The Board of West African Minerals Corporation announces that it was informed on 14 February 2013 that Hydro Finance Limited had reduced its interest in the Company from 10,094,401 ordinary shares of no par value ("Ordinary Shares") representing 3.50 per cent. of the issued share capital of the Company to 8,515,401 Ordinary Shares representing 2.95 per cent. of the issued share capital of the Company through the disposal of 1,579,000 Ordinary Shares at 47.5 pence per Ordinary Share.
These Ordinary Shares were sold to Panetta Partners Limited, which holds its Ordinary Shares through Fairbairn Nominees (IOM) Limited, increasing its holdings from 15,250,000 Ordinary Shares representing 5.29 per cent. of the issued share capital of the Company to 16,829,000 Ordinary Shares representing 5.84 per cent. of the issued share capital of the Company. This transaction closed on 12 February 2013.
For further information:
West African Minerals Corporation | Denham Eke Chief Financial Officer
Donna Yoshimatsu Investor Relations and Corporate Secretary
| +44 (0) 1624 639396
+1 (647) 777-4432 |
Beaumont Cornish Limited (Nominated Adviser) | Roland Cornish Michael Cornish
| +44 (0)20 7628 3396 |
Investec Bank PLC (Broker) | Neil Elliot Mark Wellesley-Wood | +44 (0)20 7597 5970 |
GTH Communications | Toby Hall Suzanne Johnson Walsh | +44 (0) 20 7822 7493/7492 |
About West African Minerals Corporation
West African Minerals Corporation (AIM: WAFM) is an iron ore mining and exploration group focused on West Africa with interests in iron ore exploration licences in Cameroon and Sierra Leone. Further information on the Group is available at www.westafricanminerals.com.
Related Shares:
OKYO.L