Aureus Mining Inc. ("Aureus" or the "Company"), the TSX and AIM listed West African gold producer, is pleased to confirm that all the resolutions put to shareholders at the Company's special meeting of shareholders (the "Meeting") held today were duly passed.
The results of the vote were conducted by ballot and are as follows:
| Resolution | VOTES FOR | % VOTES FOR | VOTES AGAINST | % VOTES AGAINST |
| Related Party Transactions Resolution | 44,411,744 | 87.92 | 6,101,035 | 12.08 |
| Approval of Name Change to "Avesoro Resources Inc." | 714,108,458 | 98.86 | 8,240,186 | 1.14 |
Voting results on all matters voted on at the Meeting will be filed on SEDAR at www.sedar.com.
Issue of equity
Following approval of the resolutions at today's special meeting, application has been made for the 4,110,000,000 new shares of no par value in the Company ("Shares") to be issued pursuant to the Subscription, Principal Placing and the Broker Option to be admitted to trading on AIM and the TSX with admission to take place on or around 6 December 2016 at 8.00am (London time). The new Shares will rank pari passu with the Company's existing Shares. Following the issue of the new Shares the Company's issued share capital will comprise 5,314,039,001 Shares. Accordingly, the figure of 5,314,039,001 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.
Change of Name and TIDM
The planned change of name to Avesoro Resources Inc and change of TIDM to ASO on both AIM and the TSX are expected to become effective in mid-December 2016. A further announcement in respect of this will be made in due course.
Defined terms used in this announcement have the same meaning as in the Company's announcement of 14 October 2016.
About Aureus Mining Inc.
The Company's assets include the New Liberty Gold Mine in Liberia (the "New Liberty Gold Mine," "New Liberty" or the "mine") which has an estimated proven and probable mineral reserve of 8.5 Mt with 924,000 ounces of gold grading 3.4 g/t and an estimated measured and indicated mineral resource of 9,796 Kt with 1,143,000 ounces of gold grading 3.63 g/t and an estimated inferred mineral resource of 5,730 Kt with 593,000 ounces of gold grading 3.2 g/t. A Definitive Feasibility Study ("DFS") has been completed, the first gold pour has taken place and commercial production has been declared. The foregoing mineral reserve and mineral resource estimates and additional information in connection therewith are set out in the Company's technical report dated March 25, 2015 and entitled "New Liberty Gold Project, Bea Mountain Mining Licence Southern Block, Liberia, West Africa, Definitive Project Plan."
The New Liberty Gold Mine is located within the Southern Block of the 100% owned Bea Mountain mining licence. This licence covers 478 km² and has a 25 year, renewable, mineral development agreement. The Bea Mountain mining license also hosts additional gold projects of Ndablama, Gondoja, Weaju and Leopard Rock which are the focus of exploration programs during 2016. Ndablama has an indicated mineral resource of 386,000 ounces of gold grading 1.6 g/t and inferred mineral resource of 515,000 ounces of gold grading 1.7 g/t and Weaju has an inferred mineral resource of 178,000 ounces of gold grading 2.1 g/t. The Yambesei (759 km2), Archaen West (112.6 km2), Mabong (36.6 km2) and Mafa West (15.6 km2) licences will also be subject to preliminary reconnaissance geological work. The foregoing mineral resource estimates and additional information in connection therewith are set out in the Company's technical report dated December 1, 2014 and entitled "Ndablama and Weaju Gold Projects, Bea Mountain Mining Licence, Northern Block, Technical Report on Mineral Resources" ("Ndablama and Weaju Technical Report 2014").
The Company also has a gold exploration permit in Cameroon.
Source: Aureus Mining
