Brief: IMIC agrees $190 mln offer for Afferro Mining
22/05/2013 07:01
LONDON, May 22 (Reuters) - Afferro Mining Inc AFF.V : * Proposed offer for Afferro Mining Inc by International Mining & Infrastructure Corp IMIC.L * Values the current issued share capital of Afferro at approximately US$190 million * Agreed terms in-principle, for the proposed acquisition of Afferro by IMIC * IMIC offering 80P in cash and a 2-year convertible loan note of with principal value of 40P for each Afferro share * Offer replaces the three options proposed in IMIC's announcement dated 17 April ((London Equities Newsroom; +44 20 7542 7717)) ((For more news, please click here AFF.V ))
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