Amara Mining PLC: Application for Voluntary Delisting From TSX
21.10.2013 | Marketwired
LONDON, UNITED KINGDOM -- (Marketwired - Oct 21, 2013) - Amara Mining PLC (AIM: AMA) (TSX: AMZ), the West African focused gold mining company, today announces that it has applied for voluntary delisting of its ordinary shares from the Toronto Stock Exchange ("TSX"). Amara's ordinary shares are currently listed for trading on the TSX and the AIM market of the London Stock Exchange ("AIM").Those shareholders who currently hold Amara ordinary shares in their ISA will be able to continue to do so as a result of the decision by The Treasury of the UK Parliament to extend the range of qualifying ISA investments to include company shares admitted to trading on AIM, which came into effect on 5 August 2013.
The Directors of the Company believe that the minimal trading activity of Amara's ordinary shares on the TSX no longer justifies the expenses and administrative efforts associated with maintaining this dual listing, with Amara's AIM listing providing its shareholders with sufficient liquidity. The administrative and regulatory efficiencies provided by focusing on a single listing are part of a wider package of cost cutting measures adopted by Amara, details of which were set out in the H1/Q2 2013 results announced on 10 September 2013. The delisting is not expected to have any impact on Amara's ongoing operations, nor on its ability to raise further funds, if required, to progress the continued development of its projects.
For more information please contact:
Amara Mining PLC
John McGloin, Chairman +44 (0)20 7398 1420
Peter Spivey, Chief Executive Officer
Pete Gardner, Finance Director
Katharine Sutton, Head of Investor Relations
Canaccord Genuity Limited +44 (0)20 7523 8000
(Nominated Adviser & Broker, London)
Andrew Chubb / Neil Elliot
Bell Pottinger - Pelham +44 (0)20 7861 3232
(Financial Public Relations)
Charlie Vivian / James Macfarlane
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http://www.rns-pdf.londonstockexchange.com/rns/9245Q_1-2013-10-21.pdf
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