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Significant Holdings in Company

19 February 2014

West African Minerals Corporation (AIM: WAFM) announces that following completion of the placing of new Shares announced on 12 February 2014 and admission of the new Shares to trading on AIM today, the Company has been informed of the following significant holdings in the issued share capital of the Company of 376,737,123 ordinary shares with voting rights:

Shareholder

Holding of Shares

Interest in the enlarged Share capital

Plinian Guernsey Limited (Note 1)

42,496,856

11.28%

Everest Capital LLC

33,184,000

8.81%

Panetta Partners Limited

29,686,142

7.88%

Galloway Limited (Note 2)

22,572,299

5.99%

James Mellon (Note 2)

23,255,970

6.17%

Note 1: Brad Mills, a director of the Company, is the controlling shareholder of Plinian. Mr Anton Mauve, a director of the Company, is also a shareholder of Plinian. Plinian’s interest includes 10,142,858 Shares held by CE Mining Limited in which Plinian has a 50% ownership interest.
Note 2: Galloway is indirectly wholly-owned by the trustee of a settlement under which James Mellon, a director of the Company, has a life interest. In addition to the interest of Galloway, James Mellon is interested in a further 683,671 ordinary shares of the Company held in his own name.

 

The Company’s website has been updated accordingly at www.westafricanminerals.com

For further information contact: 

West African Minerals Corporation

Anton Mauve

Managing Director

 

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 7493/7492

 

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 permits in Cameroon and Sierra Leone. Through its 100 per cent owned subsidiary Compagnie Minière du Cameroun SA, WAFM owns six exploration licences in Cameroon covering a total block of approximately 6,000 square kilometres and spanning the coast to the large scale eastern deposits. Maiden Inferred Mineral Resources have been reported at the near-coastal Binga and the South Djadom licences. 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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