| | Company Research: West African Minerals Corporation (formely Emerging Metals Limited) | This admission is being sought as a result of a reverse takeover under Rule 14 of the AIM Rules of the entire issued and to be issued share capital of Ferrum Resources Limited ("Ferrum"), by West African Minerals Corporation, that is not already owned by the Company.
On 19 July 2010 West African Minerals Corporation became an Investing Company as defined in the AIM Rules for Companies. The Company currently holds 37.23 per cent. of the current issued shares of Ferrum (acquired for a total subscription consideration of approximately £5.17 million) and has advanced a total of approximately £5.4 million to Ferrum pursuant to three loan agreements. Ferrum is a private iron ore exploration and mining company incorporated in the British Virgin Islands on 18 January 2010. Since its incorporation, the company has focused on the acquisition of interests in early stage iron ore exploration projects in Africa. In Cameroon, Ferrum holds a 63.53 per cent. equity interest in CMC Guernsey Limited, which through Compagnie Minière du Cameroun SA (a 95 per cent. owned subsidiary of CMC Guernsey Limited), holds six exploration permits which cover an aggregate area of approximately 6,000 square kilometres in a region potentially prospective for iron ore. In Sierra Leone, Ferrum holds a 75 per cent. interest in five exploration licences, some of which are located adjacent to or on strike of known iron ore occurrences. Ferrum also has applications pending for iron exploration permits in Guinea. In addition, Ferrum has a 75 per cent. interest in applications for iron exploration permits in the Central African Republic which were recently denied and Ferrum is seeking to have the denial revoked. | | Technical Information | Registered Address | Charts | | Ticker Symbol | Not known | | ISIN Code | Not known | | Industry Sector | Not known | | Listing Exchange | AIM | | Trading Status | Pre-float | | First Trading Day | 9th January 2012 |
| West African Minerals Corporation (formely Emerging Metals Limited) Address lookup pending. | West African Minerals Corporation (formely Emerging Metals Limited)
has not commenced trading. | | Related News | | | Register Interest in this IPO | To register your interest in this IPO please enter your email address below |
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