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Brief: Afferro Mining says more formal offer confirmation from IMIC needed

April 17 (Reuters) - Afferro Mining Inc  AFF.V :

* Update on discussions with IMIC

* Does not believe that informed decision can be taken until such time as a

more formal offer confirmation from IMIC's financial advisers

* IMIC said it intends to provide written undertakings to co that the minimum $100 million cash is available to execute the above proposal

* Source text for Eikon  ID:nCNWC6001a

* Further company coverage  AFF.V  ((Bangalore Newsroom; +1 646 223 8780))

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