Amara Mining PLC: Posting of Circular and Details of Open Offer

LONDON, UNITED KINGDOM--(Marketwired - Mar 25, 2014) - Amara Mining PLC (AIM: AMA) (TSX: AMZ)

Amara, the AIM listed West African focused gold mining company, announced on 21 March 2014 details of a Placing to raise £18.2 million (US$30 million) and an Open Offer to raise up to £4.2 million (US$6.9 million).

The Circular setting out further details of the Open Offer (including certain risk factors and actions to be taken by Shareholders) and the accompanying Proxy Form and Application Form have been posted today.

Completion of the Placing and Open Offer is subject, inter alia, to Shareholder approval which will be sought at the General Meeting of the Company to be held at the offices of K&L Gates, One New Change, London EC4M 9AF at 11.00 a.m. on 11 April 2014. Notice convening the General Meeting, which contains the Resolutions to be voted on at the General Meeting, is contained in the Circular. The latest time and date for receipt of Proxy Forms from Shareholders is 11.00 a.m. on 9 April 2014. All defined terms in this announcement shall have the meanings ascribed to them in the Company's announcement of 21 March 2014.

A copy of the Circular will be made available on the Company's website: http://www.amaramining.com/Investor-Relations/AIM-Rule-26/Shareholder-Notices

Click on, or paste the following link into your web browser, to view the associated PDF document:

http://www.rns-pdf.londonstockexchange.com/rns/1254D_1-2014-3-25.pdf