24 Mar 2014 07:00
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24 March 2014 AIM:AMA
Amara Mining plc
("Amara" or "the Company")
EXPECTED TIMETABLE OF PRINCIPAL EVENTS
Amara, the AIM listed West African focused gold mining company, is pleased to announce the expected timetable of principal events in relation to the proposed placing to raise £18.2 million (US$30 million) and proposed open offer of up to £4.2 million (US$6.9 million) which was announced on 21 March 2014.
2014 | |
Record Date for entitlement under the Open Offer | 5.00 p.m. on 20 March |
Announcement of the Placing and Open Offer Ex-Entitlement Date Posting of this circular, the Form of Proxy and, to Qualifying non-CREST shareholders only, the Application Forms | 21 March 24 March 25 March
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Open Offer Entitlements and Excess CREST Open Offer Entitlements credited to stock accounts in CREST of Qualifying CREST Shareholders | 8.00 a.m. on 26 March |
Latest recommended time and date for requesting withdrawal of Open Offer Entitlements and Excess CREST Open Offer Entitlements from CREST | 4.30 p.m. on 4 April |
Latest time for depositing Open Offer Entitlements and Excess CREST Open Offer Entitlements into CREST | 3.00 p.m. on 7 April |
Latest time and date for splitting Application Forms (to satisfy bona fide market claims) | 3.00 p.m. on 8 April |
Latest time and date for receipt of Forms of Proxy from Shareholders | 11.00 a.m on 9 April |
Latest time and date for receipt of completed Application Forms and payment in full from Qualifying Shareholders under the Open Offer or settlement of relevant CREST instruction (as appropriate) | 11.00 a.m on 10 April |
Expected time and date of announcement of results of the Open Offer | 7.00 a.m. on 11 April |
General Meeting | 11.00 a.m. on 11 April |
Expected time of announcement of results of the General Meeting | Afternoon of 11 April |
Admission effective and dealings in the Placing Shares and the Open Offer Shares expected to commence on AIM | 8.00 a.m. on 17 April |
Expected date for crediting of the Placing Shares and the Open Offer Shares in uncertificated form to CREST stock accounts | 8.00 a.m. on 17 April |
Expected date of dispatch of share certificates in respect of the Placing Shares and the Open Offer Shares | 24 April |
For more information please contact:
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About Amara Mining plc
Amara is a gold developer-producer with assets in West Africa. The Company generates cash flow through its Kalsaka/Sega gold mine in Burkina Faso. Amara is focused on unlocking the value in its development projects. At Yaoure in Côte d'Ivoire, this will be done by increasing the confidence in the existing Mineral Resource and economics at the project as the Company progresses it through to Pre-Feasibility Study and Bankable Feasibility Study. At Baomahun, this will be done by gaining an improved understanding of the exploration upside potential and underground opportunity. With its experience of bringing new mines into production and a project pipeline spanning four countries, Amara aims to further increase its production profile with highly prospective opportunities across all assets.