BRIEF-IMIC agrees $190 mln offer for Afferro Mining
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
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