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Holding(s) in Company

08 June 2017

The Board of the Company announces that on 8 June 2017, the Company received the following TR-1 notification which is set out below without material amendment:

 

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii

 

West African Minerals Corporation

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

 

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

 

An event changing the breakdown of voting rights

 

Other (please specify):

 

 

3. Full name of person(s) subject to the notification obligation: iii

 

 

Panetta Partners Limited

 

4. Full name of shareholder(s)

(if different from 3.):iv

 

5. Date of the transaction and date on which the threshold is crossed or reached: v

 

08/06/2017

6. Date on which issuer notified:

08/06/2017

7. Threshold(s) that is/are crossed or reached: vi, vii

 

16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30

       

 

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares

 

if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

 

VG G9544K1021

 

 

57,559,574

 

 

57,559,775

 

 

116,087,103

 

 

116,087,103

 

-

 

 

30.45%

 

 

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial

Expiration

Exercise/

Number of voting

% of voting

instrument

date xiii

Conversion Period xiv

rights that may be

rights

acquired if the

instrument is

exercised/ converted.

 

 

 

 

 

 

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

 

 

 

 

 

Nominal

Delta

 

 

 

Total (A+B+C)

Number of voting rights

Percentage of voting rights

 

116,087,103

 

30.45%

 

 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi

 

 

 

Proxy Voting:

10. Name of the proxy holder:

 

11. Number of voting rights proxy holder will cease to hold:

 

12. Date on which proxy holder will cease to hold voting rights:

 

 

 

13. Additional information:

 

14. Contact name:

E. J. Lukins, Cooley (UK) LLP,

Dashwood, 69 Old Broad Street, London EC2M 1QS

15. Contact telephone number:

 

020 7556 4261

 

For further information contact:

    

West African Minerals Corporation

Gerard Holden

 

+44 (0) 1624 639 396

 

Beaumont Cornish Limited (Nominated Adviser)

Roland Cornish

Michael Cornish

 

+44 (0)20 7628 3396

Beaufort Securities Limited (Broker)

 

Jon Belliss

+44 (0)20 7382 8300

 

About West African Minerals Corporation

West African Minerals Corporation ((AIM: WAFM) is an iron ore mining and exploration group which has built a portfolio of iron ore assets. Through its 100 % owned subsidiary Compagnie Minière du Cameroun SA, the Group owns exploration licenses spanning the coastal regions in proximity to existing and developing ports, to licenses in the southeast along the extensive iron ore corridor that hosts other advanced deposits.

 

Further information and a copy of this announcement is available on the Group is available at www.westafricanminerals.com

 

ENDS

 

 

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