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Issue of equity

04 January 2013

 

Issue of equity

The Board of West African Minerals Corporation announces that it has issued and allotted 95,500 new ordinary shares of no par value, pursuant to the exercise of 95,500 options at an exercise price of 13.62p each. The new shares will rank pari passu with the existing ordinary shares. Application will be made for these new ordinary shares to be admitted to trading on AIM and admission is expected to take place on 10 January 2013. 

Following the exercise of the options, the Company's issued share capital consists of 287,990,252 ordinary shares, with voting rights. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Service Authority's Disclosure and Transparency Rules.

For further information:

West African Minerals Corporation

Denham Eke

Chief Financial Officer

 

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

Investec Bank PLC
(Broker)

Neil Elliot

Chris Sim

+44 (0)20 7597 5970

GTH Communications

Toby Hall

Suzanne Johnson Walsh

+44 (0) 20 3103 3902

 

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 licences in Cameroon and Sierra Leone. Further information on the Group is available at www.westafricanminerals.com.

 

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