BRIEF-IMIC agrees $190 mln offer for Afferro Mining

Wed May 22, 2013 2:12am EDT
 
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LONDON May 22 (Reuters) - Afferro Mining Inc : * Proposed offer for Afferro Mining Inc by International Mining & Infrastructure Corp * Values the current issued share capital of Afferro at approximately US$190

million * Agreed terms in-principle, for the proposed acquisition of Afferro by IMIC * IMIC offering 80P in cash and a 2-year convertible loan note of with

principal value of 40P for each Afferro share * Offer replaces the three options proposed in IMIC's announcement dated 17

April