AMARA MINING : Cancellation of Admission to Trading on AIM (205.74kB)

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22 April 2016 AIM:AMA

Amara Mining plc ("Amara" or the "Company") RECOMMENDED COMBINATION OF PERSEUS MINING LIMITED AND AMARA MINING PLC effected by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006 CANCELLATION OF ADMISSION TO TRADING ON AIM

Subsequent to the Company's announcement on 18 April 2016 regarding the completion of the Combination of Perseus Mining Limited ("Perseus") and Amara and the related suspension of dealings in Amara Shares on AIM, Amara announces that the admission of Amara Shares to trading on AIM has been cancelled with effect from 7.00 a.m. today.

Following the cancellation, Jeffrey Quartermaine and Colin Carson will be appointed as directors of Amara with effect from 5.00 p.m. today.

All of the directors of Amara, other than John McGloin and Pete Gardner, resigned from their positions as directors of Amara with effect from the Scheme becoming Effective on 18 April 2016. Amara has agreed with John McGloin and Pete Gardner that they will remain as directors of the Company until 9.00 a.m. on 26 April 2016, at which stage their resignations will also become effective.

Unless otherwise stated, capitalised terms used but not defined in this announcement have the meanings given to them in the scheme document that was posted to Amara Shareholders on 18 March 2016.

For more information please contact:

Amara Mining plc John McGloin, Chairman and Chief Executive Officer Pete Gardner, Finance Director Katharine Sutton, Head of Investor Relations	[phone]
BMO Capital Markets (Financial Adviser to Amara) Jeffrey Couch, Managing Director Gary Mattan, Managing Director Tom Rider, Director	[phone]
Peel Hunt LLP (Nominated Adviser & Broker to Amara)	[phone]

Matthew Armitt Ross Allister
CTF Communications (Media Relations) James MacFarlane	[phone]
Perseus Mining Limited Jeff Quartermaine, Managing Director and Chief Executive Officer Nathan Ryan, Investor Relations	[phone] [phone]
Arlington Group Asset Management Limited (Financial Adviser to Perseus) Richard Greenfield	[phone]

Further information

BMO Capital Markets, which is authorised and regulated in the UK by the Financial Conduct Authority, is acting exclusively for Amara and no one else in connection with the Combination and will not be responsible to any person other than Amara for providing the protections afforded to clients of BMO Capital Markets or for providing advice in connection with the Combination or any other matter referred to herein.

Peel Hunt LLP, which is authorised and regulated in the UK by the Financial Conduct Authority, is acting exclusively for Amara and no one else in connection with the Combination and will not be responsible to any person other than Amara for providing the protections afforded to clients of Peel Hunt LLP or for providing advice in connection with the Combination or any other matter referred to herein.

Arlington Group Asset Management Limited, which is authorised and regulated in the UK by the Financial Conduct Authority, is acting exclusively for Perseus and no one else in connection with the Combination and will not be responsible to any person other than Perseus for providing the protections afforded to clients of Arlington or for providing advice in connection with the Combination or any other matter referred to herein.