SOURCE: Amara Mining plc

October 21, 2013 07:00 ET

Amara Mining PLC: Application for Voluntary Delisting From TSX

LONDON, UNITED KINGDOM--(Marketwired - Oct 21, 2013) - Amara Mining PLC (AIM: AMA) (TSX: AMZ)

21 October 2013                                     AIM: AMA / TSX: AMZ

                           Amara Mining plc
                       ("Amara" or "the Company")


Amara Mining plc, 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                                    +44 (0)20 7398 1420
John McGloin, Chairman
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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                    This information is provided by RNS
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