SOURCE: Amara Mining plc
March 20, 2014 07:00 ET
LONDON, UNITED KINGDOM--(Marketwired - Mar 20, 2014) - Amara Mining PLC (AIM: AMA) (TSX: AMZ)
Amara Mining plc
("Amara" or the "Company")
HOLDING(S) IN COMPANY
Amara, the AIM listed West African focused gold mining company, announces that it has been advised by Orezone Gold Corporation ("Orezone") that following the disposal of 11 million ordinary shares in the Company at 18.5p per share on 19 March 2014, Orezone no longer has an interest in the share capital of the Company. The shares sold by Orezone were part of the consideration received through the Company's acquisition of the Sega Gold Project from Orezone in February 2012. The shares were purchased by an institutional buyer.
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About Amara Mining plc
Amara is a gold developer-producer with assets in West Africa. The Company generates cash flow through its Kalsaka/Sega gold mine in Burkina Faso. Amara remains focused on its objective of becoming a mid-tier producer through the development of its Baomahun project in Sierra Leone and its Yaoure project in Côte d'Ivoire. With its experience of bringing new mines into production and a project pipeline spanning four countries, Amara aims to further increase its production profile with highly prospective opportunities across all assets.
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