Afferro Mining receives stock exchange approval for Putu project sale

Tuesday, 17 January 2012 15:32:21 (GMT+2)

British mineral exploration and development company Afferro Mining Inc. has announced that it has received approval from Canada's TSX Venture Exchange for the sale of its remaining 38.5 percent interest in the Putu iron ore project located in Liberia.

Afferro will hold a special shareholders meeting on January 31 to approve the sale.

In early December last year, Russian steelmaker Severstal's affiliate Lybica Holdings B.V. and Afferro entered into an agreement for the sale of Afferro's 38.5 percent interest in the Putu iron ore project for $115 million.

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