Amara Mining plc: Cancellation of Reporting Issuer Status in Canada
LONDON, UNITED KINGDOM -- (Marketwired) -- 06/12/14 -- Amara Mining
plc ("Amara" or "the Company") (AIM: AMA), the AIM-listed West
African-focused gold mining company, announces that, further to the
Company's news release on 13 May 2014 and in line with the Company's
request, the Ontario Securities Commission has issued a decision that
Amara is not a reporting issuer in Ontario.
The Company is not a reporting issuer in any other Canadian
jurisdiction and, as a result, is no longer required to file
financial statements and other continuous disclosure documents with
Canadian securities regulatory authorities.
Notwithstanding the 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 (unless prohibited
by Canadian laws or regulations).
Amara remains committed to maintaining its compliance to National
Instrument 43-101 for the reporting of Mineral Resources and Mineral
Reserves and the publishing of technical studies, representing the
Company's transparent approach.
For more information please contact:
Amara Mining plc +44 (0)20 7398 1420
Catherine Apthorpe, Company Secretary
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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