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Issue of equity

17 September 2013

 

Issue of equity

 

The Board of West African Minerals Corporation announces that it has issued and allotted 939,261 new ordinary shares of no par value, pursuant to the exercise of 939,261 warrants at an exercise price of 10p each. The new shares will rank pari passu with the existing ordinary shares. Application will be made for these new ordinary shares to be admitted to trading on AIM and admission is expected to take place on 23 September 2013. 

Following the exercise of the options, the Company's issued share capital consists of 289,096,179 ordinary shares, with voting rights. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Service Authority's Disclosure and Transparency Rules.

For further information:

 

West African Minerals Corporation

Denham Eke

Chief Financial Officer

 

Donna Yoshimatsu

Investor Relations and Corporate Secretary

 

+44 (0) 1624 639396

 

 

+1 (416) 722-2456

Beaumont Cornish Limited (Nominated Adviser)

Roland Cornish

Michael Cornish

 

+44 (0)20 7628 3396

SP Angel Corporate Finance LLP (Broker)

 

Ewan Leggat

 

+44 (0) 20 3463 2260

GTH Communications

Toby Hall

Suzanne Johnson Walsh

+44 (0) 20 7822 7493

 

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 permits in Cameroon and Sierra Leone. Through its 100 per cent owned subsidiary Compagnie Minière du Cameroun SA, WAFM owns six exploration permits in Cameroon covering a total Block of approximately 6,000 square kilometres and spanning the coast to the eastern deposits.  The Sierra Leone licences comprise five exploration licences with potential for enriched hematite schists typical of the Marampa Group over a total Block of approximately 687 square kilometres. 

Further information on the Group is available at www.westafricanminerals.com.

 

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