Brief: IMIC agrees $200 mln deal for Afferro

Affinity Metals

24/06/2013 07:00

LONDON, June 24 (Reuters) - Afferro Mining Inc  AFF.V : * Recommended agreement for imic to acquire Afferro * Definitive arrangement agreement signed between imic and Afferro for the proposed acquisition * Acquisition values the fully diluted share capital of Afferro at approximately US$200 million * Acquisition price per Afferro share of 120P per share * Afferro/imic deal pursuant to a Canadian court-approved plan of arrangement ((London Equities Newsroom; +44 20 7542 7717)) ((For more news, please click here  AFF.V ))