Cluff Gold plc
(“Cluff Gold” or “the Company”)
CHANGE OF NAME AND CORPORATE UPDATE
Cluff Gold plc, the dual AIM and TSX listed West African focused gold mining company, announces that it has changed its name to Amara Mining plc, effective immediately. The Company also announces the resignation of three Non-Executive Directors as part of the Board’s review of its structure.
These changes mark the beginning of the Company’s transition into a mid-tier gold producer, through the extension of production at the Kalsaka/Sega gold mine, which funds the progression of its pipeline projects, Baomahun and Yaoure, where the Company is completing a feasibility study and expanding the resource base respectively.
They also symbolise a new era for the Company in terms of leadership, with John McGloin’s appointment as Executive Chairman on 28 May 2012 and the resignation of Mr Nicholas Berry, Dr Bobby Danchin and Mr Ronald Winston, effective 30 September 2012. From 1st October 2012, the Board will comprise of three Executive Directors and three Non-Executive Directors, a more appropriate number for a company of Amara Mining plc’s size.
The word Amara is of African origin and means grace, eternal and immortal. The logo is a fern, which is a West African Adinkra (symbol) representing endurance and resourcefulness. The new branding reflects the Company’s operational ethos across its assets.
The Company’s ticker will change to AMA on the London Stock Exchange’s AIM and to AMZ on the Toronto Stock Exchange once approval has been received from the TSX, which is expected by the end of this week. The corporate website address will change during the course of today to www.amaramining.comand Company email addresses have changed to the format of email@example.com
In addition, the Company has changed its registered office to 29-30 Cornhill, London, EC3V 3NF, effective immediately. The main office telephone number has changed to +44 (0)20 7398 1420 and the fax number has changed to +44 (0)20 7398 1421.
Peter Spivey, Chief Executive Officer of Amara Mining plc, commented:
“The Company is at an exciting time in its development and the change of name seems a fitting start to an era that will see us transition into a mid-tier producer. We could not have reached this point without the knowledge and experience of Bobby, Nicholas and Ron, so I’d like to thank them for their good counsel during the Company’s formative years. The name Amara and the symbol of the fern represent our focus on West Africa and I am delighted that the Company’s founder, Algy Cluff, has given the change of name his blessing. With John McGloin’s appointment as Executive Chairman and a number of key milestones across our assets on the horizon, we look forward to the growth of Amara Mining plc in the years to come.”