20 Mar 2014 07:00
20 March 2014 AIM:AMA
Amara Mining plc
("Amara" or the "Company")
HOLDING(S) IN COMPANY
Amara, the AIM listed West African focused gold mining company, announces that it has been advised by Orezone Gold Corporation ("Orezone") that following the disposal of 11 million ordinary shares in the Company at 18.5p per share on 19 March 2014, Orezone no longer has an interest in the share capital of the Company. The shares sold by Orezone were part of the consideration received through the Company's acquisition of the Sega Gold Project from Orezone in February 2012. The shares were purchased by an institutional buyer.
For more information please contact:
Amara Mining plc Catherine Apthorpe, Commercial Manager and Company Secretary Katharine Sutton, Head of Investor Relations
| +44 (0)20 7398 1420 |
Peel Hunt LLP (Nominated Adviser & Joint Broker) Matthew Armitt Ross Allister
| +44 (0)20 7418 8900 |
GMP Securities Europe LLP (Joint Broker) Richard Greenfield David Wargo
| +44 (0)20 7647 2800 |
Bell Pottinger (Financial Public Relations) Mark Antelme Lorna Cobbett | +44 (0)20 7861 3232 |
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 remains focused on its objective of becoming a mid-tier producer through the development of its Baomahun project in Sierra Leone and its Yaoure project in Côte d'Ivoire. 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.