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Friday 15 May, 2009

Mano River Resources

African Aura Update

RNS Number : 3197S
Mano River Resources Inc
15 May 2009
 



 


May 15, 2009

TSX-V:  MNO

AIM:     MANA



MANO RIVER AND AFRICAN AURA ANNOUNCE EXTENSION TO THE DEADLINE TO CONCLUDE DEFINITIVE AGREEMENT 


Mano River Resources Inc. ('Mano River' TSX-V: MNO & AIM: MANA) and African Aura Resources Ltd. ('African Aura' TSX-V: AAZ) announced today that they have extended the deadline, to conclude procedural matters, from May 15, 2009 to June 12, 2009 in respect of their proposed business combination (the 'Transaction').  The principal terms of the transaction will remain unchanged.


Please refer to the news releases of Mano River and African Aura dated April 15, 2009 for more information on the Transaction.


About Mano River

Mano River is an established West African exploration and development company with a primary listing on the TSX-V (MNO) and a secondary listing on London's AIM (MANA). Mano River is focused on the discovery of world-class gold, diamond and iron ore deposits in the highly prospective, under explored, West African Mano River Union countries of Liberia, Sierra Leone and Guinea. Mano River has a highly motivated and experienced team with a record of discovering mines and taking projects towards development and production.


Mano River's major assets are the gold deposit at New Liberty and the Putu iron ore project, both in Liberia. In Guinea, through its 60% owned subsidiary, Stellar Diamonds, the Mandala alluvial diamond mine was commissioned during April 2009 for commercial production. In Sierra Leone, Stellar is exploring / developing the Kono and Tongo kimberlite dykes. Mano River also has a number of other promising projects which it plans to advance in the short to medium term.


A pioneer company in West Africa, Mano River has attracted some excellent strategic partners, particularly in iron ore and on its diamond properties, always with the objective of preserving or enhancing shareholder value.  More information can be found on line at www.manoriver.com and at SEDAR's website: www.sedar.com.


About African Aura

African Aura (TSX-V: AAZ) has a 'first-mover' exploration strategy, focused on the discovery of economic iron, gold, and uranium deposits in sub-Saharan Africa. African Aura commenced exploration in 2004 and has established a portfolio of exploration licences totalling approximately 9,480km2, targeting areas of active artisanal gold mining within Archaean greenstone and Proterozoic volcano-sedimentary belts. The portfolio includes the 12km long Nkout iron project in southern Cameroon, the Batouri gold project in eastern Cameroon, the Fula Camp gold project in western Liberia, and a pipeline of significant prospects for drill testing, as well as numerous other gold, uranium and iron ore targets that require follow up exploration. African Aura trades on the TSX-V under the symbol AAZ. More information can be found on line at www.african-aura.com and at SEDAR's website: www.sedar.com.


 Contacts:

 Mano River Resources Inc

 Luis da Silva, CEO                                                      Tel: +44 (0) 20 7299 4212


 Evolution Securities Limited 

 Simon Edwards / Chris Sim / Neil Elliot                Tel:  +44 (0) 20 7071 4300


 Pelham Public Relations

 Charles Vivian / James MacFarlane                    Tel: +44 (0) 20 7337 1500

                                                                                            Mob: +44 (0) 7797 297903


African Aura Resources Ltd


John GrayPresident & CEO

      Tel: +44 (0) 1235 511 915

      Mob: +44 (0) 779 616 7811

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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