WEST AFRICAN MINERALS CORP 
By For Immediate Release: 23 January 2012
West African Minerals Corporation("WAFM" or the "Group")
re Directorate and Subsidiary share buy-back Board Changes
West African Minerals Corporation (AIM: WAFM), the West
African focused mining investment
company, is pleased to announcethat it has appointed Stephen
Dattels as part-time chief executive officer, effective 23
January 2012. Mr Dattels also retains the role of executive
co-chairman. Jim Mellon remains joint co-chairman but this
becomes a non-executive appointment from the same effective
date.
The Company is also pleased to advise that WAFM's wholly
owned subsidiary, Ferrum Resources
Limited has, as a result of a CMC Guernsey share buy-back,
increased its shareholding in CMC Guernsey to approximately
65.49 per cent. (formerly 63.53 per cent. owned). CMC
Guernsey owns the
Group's exploration permits in the Cameroon through its 95
per cent. subsidiary Compagnie Minière du
Cameroun SA.
CMC Guernsey redeemed for cancellation 30,000 shares of its
1,000,000 issued shares for a total cash consideration of
US$637,500 from Generation Resources Holdings Limited, one of
its minority shareholders. The Group does not expect the
buy-back to affect CMC Guernsey's exploration programme over
the next 24 months.
West African Mineral Corporation (AIM: WAFM) is a mining
investment company focused on iron ore exploration in West
Africa. Through its acquisition of Ferrum Resources, it holds
interests in the
Cameroon and Sierra Leone as well as having applications
pending in Guinea. Further information on the
Group is available at www.westafricanminerals.com.
For further information:
West African Minerals Corporation | Religare Capital Markets (UK) Limited | Beaumont Cornish Limited | Evolution Securities Limited | GTH Communications |
Denham Eke | Peter Trevelyan- Clark Emily Staples | Roland Cornish | Neil Elliot Chris Sim | Toby Hall Suzanne Johnson Walsh |
+44 (0) 1624 639396 | +44 (0) 20 7444 0800 | +44 (0)20 7628 3396 | +44 (0)20 7597 5970 | +44 (0) 20 3103 3902 |
| distribué par | Ce noodl a été diffusé par West African Minerals Corporation et initialement mise en ligne sur le site http://www.westafricanminerals.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-23 11:00:54 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
| Documents associés | |
| 23 January 2012 re Directorate and Subsidiary share buy-back |
