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31 Jul 2014 07:00
31 July 2014
For immediate release
West African Minerals Corporation
("WAFM" or the "Company")
Significant Shareholder
West African Minerals Corporation (AIM: WAFM) was notified on 30 July 2014 that Regent Mercantile Holdings Limited (a company owned by a trust under which Stephen Dattels is a beneficiary) has completed the acquisition, at a price of £0.0588 per share, of a further 5,500,000 ordinary shares of nil par value ("Ordinary Shares"). Following this transaction, Regent Mercantile Holdings Limited is interested in 32,672,906 Ordinary Shares, representing approximately 8.67 per cent. of the Company's issued ordinary share capital.
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 | +44 (0) 20 7822 7493 / +44 (0)7713 341072 |
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 five exploration licenses in Cameroon covering a total block of approximately 4,100 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 licenses. The Sierra Leone licences comprise five exploration licenses 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.
ENDS
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