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| | Mon Oct 26, 2009
Directors' Share Dealing
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| | NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES.
October 26, 2009 African Aura Mining Inc. ("African Aura" or the "Company")("TSX-V") and (AIM: AAAM) the Company was informed on October 23, 2009 that Guy Pas and David Evans, both Directors of the Company, purchased of common shares of the Company ("Common Shares"):
| |
Common
Shares
purchased |
Price per
Common
Share
(p) |
Date of purchase |
Total
Common
Shares
held
following
purchase |
Common
Shares as a
percentage of
current issued
share capital
(%) |
| Guy Pas |
45,000 & 5,000 |
77.95 & 78 |
October 23, 2009 |
5,059,226 |
9.57 |
| David Evans |
10,000 |
72.40 |
October 23, 2009 |
222,500 |
0.42 |
Erratum: The Company wishes to modify a previous announcement made by press release October 21, 2009, whereby the purchase price per common share and consideration paid by the Directors for purchases of the Company's shares, at various dates, was erroneously indicated in pounds sterling "£" but should have read "p" for pence.
About African Aura Mining Inc.
African Aura is an established African exploration and development company with a primary listing on the TSX-V (AUR) and a secondary listing on London's AIM (AAAM). African Aura is focused on the development of world-class iron ore and gold deposits in highly prospective, under explored countries of sub-Saharan Africa. The Company has a highly motivated and experienced team with a record of discovering mines and taking projects through development and into production in African.
African Aura's assets include the New Liberty gold deposit and the Putu iron ore project, both in Liberia. Putu is being explored and operated by the Company's Joint Venture partner, Severstal Resources (the mining division of OAO Severstal). Severstal Resources is one of the largest mining companies in Russia with EBITDA in 2008 of US$859 million. The Company also has a 59% interest in diamond producer Stellar Diamonds Ltd. A pioneer in Africa, African Aura has attracted some excellent strategic partners and shareholders always with the objective of preserving or enhancing shareholder value. For further information on the Company you are invited to visit its website at www.african-aura.com, or SEDAR's website at www.sedar.com, or contact one of the following:
| African Aura Mining Inc. |
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| Luis da Silva, President & CEO |
Tel: +44 (0) 20 7299 4212 |
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| Evolution Securities Limited |
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| Simon Edwards / Chris Sim / Neil Elliot |
Tel: +44 (0) 20 7071 4300 |
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| Pelham Public Relations |
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| Charles Vivian / James MacFarlane |
Tel: +44 (0) 20 7337 1500 |
Forward-looking Statements
This press release includes certain forward-looking statements. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding the future plans and objectives of African Aura, are forward-looking statements that involve various known and unknown risks and uncertainties as well as other factors. Such forward-looking statements are subject to a number of risks and uncertainties that may cause actual results or events to differ materially from current expectations, including delays in obtaining or failure to obtain required regulatory approvals. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Any forward-looking statements speak only as of the date hereof and, except as may be required by applicable law, African Aura disclaim any obligation to update or modify such forward-looking statements, either as a result of new information, future events or for any other reason.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Ends
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| | You can view the Next News item: Tue Oct 27, 2009, Proposed Merger between Stellar Diamonds Limited and West African Diamonds Limited
You can view the Previous News item: Mon Oct 26, 2009, African Aura Files 43-101 Technical Report on Putu Ore Project
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