Mwana Africa PLC

Mwana Africa PLC

March 15, 2010 03:00 ET

Mwana Africa PLC: Application to Cease to Be a Reporting Issuer in Canada

LONDON, UNITED KINGDOM--(Marketwire - March 15, 2010) - Mwana Africa PLC ("Mwana") (AIM:MWA) today announced that it has applied to the securities regulatory authorities in each of the provinces of British Columbia, Québec, Manitoba, Saskatchewan and Newfoundland and Labrador (collectively, the "Jurisdictions") for a decision that Mwana is deemed to have ceased to be a reporting issuer in the Jurisdictions.

As a reporting issuer under applicable Canadian securities laws, Mwana is subject to Canadian filing and disclosure requirements in addition to those applicable under U.K. securities law and AIM requirements. A decision by the securities regulatory authorities in the Jurisdictions that Mwana has ceased to be a reporting issuer in the Jurisdictions will not affect Mwana's listing on AIM or its reporting obligations under U.K. securities laws or AIM requirements. If the decision is granted, Mwana will no longer be a reporting issuer in any jurisdiction in Canada and will no longer be subject to Canadian continuous disclosure requirements. A further update on this will be given to the market in due course.

Mwana has undertaken to concurrently deliver to its Canadian resident securityholders all disclosure Mwana would be required under U.K. securities law or AIM requirements to deliver to its U.K. resident securityholders.

Contact Information

  • Enquiries:
    Mwana Africa PLC
    Oliver Baring, Chairman
    020 7654 5580
    Canaccord Adams Limited
    Guy Blakeney
    020 7050 6500
    Tom Randell / Anca Spiridon
    020 7726 8400