Afferro Mining, an exploration and development company focused on iron ore in Cameroon, has said it has noted the recent movement in its share price along with the recent media speculation and has confirmed that it is 'in discussions with multiple parties which may or may not lead to a strategic investment or a proposal to acquire the outstanding shares of the company'.
The firm added that any such proposal would have to satisfy a number of conditions and get the necessary approval from Afferro's board of directors.
The group's share price rose rose 14.85% to 76.38p by 13:16.
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