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Significant Shareholders

15 February 2013

 

Significant Shareholders

The Board of West African Minerals Corporation announces that it was informed on 14 February 2013 that Hydro Finance Limited had reduced its interest in the Company from 10,094,401 ordinary shares of no par value (“Ordinary Shares”) representing 3.50 per cent. of the issued share capital of the Company to 8,515,401 Ordinary Shares representing 2.95 per cent. of the issued share capital of the Company through the disposal of 1,579,000 Ordinary Shares at 47.5 pence per Ordinary Share. 

These Ordinary Shares were sold to Panetta Partners Limited, which holds its Ordinary Shares through Fairbairn Nominees (IOM) Limited, increasing its holdings from 15,250,000 Ordinary Shares representing 5.29 per cent. of the issued share capital of the Company to 16,829,000 Ordinary Shares representing 5.84 per cent. of the issued share capital of the Company.  This transaction closed on 12 February 2013.

For further information:

West African Minerals Corporation

Denham Eke

Chief Financial Officer

 

Donna Yoshimatsu

Investor Relations and Corporate Secretary

 

+44 (0) 1624 639396

 

 

+1 (647) 777-4432

Beaumont Cornish Limited (Nominated Adviser)

Roland Cornish

Michael Cornish

 

+44 (0)20 7628 3396

Investec Bank PLC (Broker)

Neil Elliot

Mark Wellesley-Wood

+44 (0)20 7597 5970

GTH Communications

Toby Hall

Suzanne Johnson Walsh

+44 (0) 20 7822 7493/7492

 

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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