Explanation8 Apr 2011 10:24
Luis da Silva, President and CEO of African Aura commented:
"I am delighted that the proposed split of the Company's assets has been approved by shareholders today. The management believes a real opportunity exists for investors to buy-in to the split concept and the upside that they believe will be created by holders receiving two new shares in the resulting pure iron ore and gold entities, Afferro and Aureus, respectively. The last day of trading in African Aura with the right to receive a share in Aureus Mining will be 7 April 2011."