West African Minerals Corporation Change of Name and Corporate Update (8050D)
February 02 2018 - 8:17AM
UK Regulatory
TIDMWAFM
RNS Number : 8050D
West African Minerals Corporation
02 February 2018
2 February 2018
For immediate release
West African Minerals Corporation
("WAFM" or the "Company")
Change of name
Corporate update
Change of name effective
As previously announced, on 10 January 2018, Shareholders
approved at the General Meeting the change of name of the Company
to OKYO Pharma Corporation.
The Company announces that the name change has now become
effective.
Accordingly, trading in the Company's Ordinary Shares on AIM
under the name, OKYO Pharma Corporation, will commence at 8.00 a.m.
on 5 February 2018 under a new ISIN, SEDOL and TIDM as set out
below:
ISIN VGG6743A1093
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SEDOL BF1GCP0
------ -------------
TIDM OKYO
------ -------------
The change of name will not affect any Shareholders' rights. New
issues of Ordinary Share certificates will be in the new name of
the Company. Existing Ordinary Share certificates will remain valid
and it is not proposed that replacement Ordinary Share certificates
be issued in the name of OKYO Pharma Corporation until
required.
Further information is available on the Company's website:
www.westafricanminerals.com. As from 5 February 2018, the Company's
website will be: www.okyopharma.com
Special Dividend
The Disposal of the Company's interest in Ferrum by way of the
Special Dividend was also approved at the General Meeting. The
Company is currently finalising the arrangements for completion of
the Special Dividend and the Board currently anticipates payments
of the Special Dividend at the end of this month.
For further information contact:
West African Minerals Corporation Willy Simon +44 (0)20 7382 8300
Roland Cornish
Beaumont Cornish Limited (Nominated Adviser) Michael Cornish +44 (0)20 7628 3396
Beaufort Securities Limited (Broker) Jon Belliss +44 (0)20 7382 8300
This announcement is inside information for the purposes of
Article 7 of Regulation 596/2014. The person who arranged for the
release of this announcement on behalf of the Company was Willy
Simon, Director.
Forward-looking statements
Certain statements in this announcement constitute
"forward-looking statements". Forward-looking statements include
statements concerning the plans, objectives, goals, strategies and
future operations and performance of the Company and the
assumptions underlying these forward-looking statements. The
Company uses the words "anticipates", "estimates", "expects",
"believes", "intends", "plans", "may", "will", "should", and any
similar expressions to identify forward-looking statements. Such
forward-looking statements involve known and unknown risks,
uncertainties and other important factors that could cause the
Company's actual results, performances or achievements to be
materially different from any future results, performances or
achievements expressed or implied by such forward-looking
statements. Such forward-looking statements are based on numerous
assumptions regarding present and future business strategies and
the environment in which the Company will operate in the future.
These forward-looking statements speak only as at the date of this
announcement. The Company is not obliged, and does not intend, to
update or to revise any forward-looking statements, whether as a
result of new information, future events or otherwise except to the
extent required by any applicable law or regulation. All subsequent
written or oral forward-looking statements attributable to the
Company, or persons acting on behalf of the Company, are expressly
qualified in their entirety by the cautionary statements contained
throughout this announcement. As a result of these risks,
uncertainties and assumptions, a prospective investor should not
place undue reliance on these forward-looking statements.
APPENDIX
DEFINITIONS
In this announcement, the following expressions have the
following meanings unless the context otherwise requires:
"AIM" the market of that name operated
by the London Stock Exchange
"Disposal" the proposed disposal of the Ferrum
Shares by means of the Special Dividend
"Ferrum" Ferrum Resources Limited, a wholly-owned
subsidiary of WAFM
"Ferrum Shares" the ordinary shares of no par value
in the capital of Ferrum
"General Meeting" the meeting of the Shareholders
held on 10 January 2018
"London Stock the London Stock Exchange plc
Exchange"
"Ordinary Shares" ordinary shares of no par value
in the capital of the Company
"Shareholders" holders of Ordinary Shares
"Special Dividend" the distribution of Ferrum Shares
to Shareholders on the record date
(being the close of business on10
January 2018).
"WAFM" or "the West African Minerals Corporation,
Company" a company incorporated in the British
Virgin Islands with registered number
1415559
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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