Amara Mining PLC: Change in Reporting Issuer Status in Canada
LONDON, UNITED KINGDOM -- (Marketwired) -- 05/13/14 -- Amara Mining
PLC (AIM: AMA)
Amara Mining plc
("Amara" or "the Company")
CHANGE IN REPORTING ISSUER STATUS IN CANADA
Amara Mining plc, the AIM-listed West African-focused gold mining
company, announces that further to the Company's news release on 21
October 2013, which announced that it was voluntarily delisting from
the Toronto Stock Exchange with effect from 25 October 2013, it is
applying for a decision from the Ontario Securities Commission that
it is no longer a reporting issuer in Ontario.
The Company is not a reporting issuer in any other Canadian
jurisdiction. If the requested decision is made by the Ontario
Securities Commission, the Company will cease being a reporting
issuer in any jurisdiction in Canada and, as a result, will no longer
be required to file financial statements and other continuous
disclosure documents with Canadian securities regulatory authorities.
This is expected to result in cost savings for Amara.
Notwithstanding a decision that the Company is not a reporting issuer
in Canada, the Company will continue to file all financial statements
and other continuous disclosure materials required to be filed by it
in accordance with applicable laws and regulations of the United
Kingdom, including rules of the Financial Conduct Authority and the
AIM market of the London Stock Exchange ("AIM").
All such continuous disclosure documents of the Company are publicly
available to all Amara shareholders on the Company's website at
www.amaramining.com and Amara shareholders resident in Canada will
continue to receive copies of continuous disclosure documents that
are required to be delivered to shareholders in the United Kingdom,
in the same manner and at the same time as is required under the
applicable laws and regulations in the United Kingdom, including the
rules of the Financial Conduct Authority and AIM.
Amara remains committed to maintaining its compliance to National
Instrument 43-101 for the reporting of Mineral Resources and Mineral
Reserves, representing the Company's transparent approach.
For more information please contact:
+44 (0)20 7398 1420
Amara Mining plc
Catherine Apthorpe, Commercial Manager and Company
Katharine Sutton, Head of Investor Relations
Peel Hunt LLP +44 (0)20 7418 8900
(Nominated Adviser & Joint Broker)
GMP Securities Europe LLP +44 (0)20 7647 2800
Farm Street Communications +44 (0)7593 340 107
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 is focused on unlocking
the value in its development projects. At Yaoure in Cote d'Ivoire,
this will be done by increasing the confidence in the existing
Mineral Resource and economics at the project as the Company
progresses it through to Pre-Feasibility Study and Bankable
Feasibility Study. At Baomahun, this will be done by gaining an
improved understanding of the exploration upside potential and
underground opportunity. 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.
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