AIM awarded to Stephen Dattels’ West African Minerals Corporation
West African Minerals Corporation (WAFM), a company dedicated to the exploration and mining of iron ore in Cameroon and Sierra Leone, is the winner of the Best Performing Share Award at the 2012 Alternative Investment Market (AIM) of the London Stock Exchange. The AIM was launched in the mid-1990s to give companies with smaller market capitalization an opportunity to list their shares and raise capital.
The AIM Awards recognize the efforts of companies and entrepreneurs in raising capital, boost growth and deliver value to shareholders. The 17th edition of the awards ceremony took place at the Old Billingsgate in the City of London and was hosted by BBC presenter Susana Reid. WAFM took the Best Performing Share Award based on the company’s performance over the last 12 months. Companies nominated to this award must offer at least 25 percent of its shares to the public, and they cannot be shell corporations.
In a statement to the media, CEO Stephen Dattels explained that the performance of the company’s shares reflect the hard work of its directors and managers in the field. WAFM is currently on its second stage of exploration at the Binga site in Cameroon. Results from recent drilling operations at Binga will be released before the end of the year.
Stephen Dattels sits on the board of two AIM-listed companies. In the past, he has been involved in the financing of several mining projects across various continents. He has been nominated to the prestigious Emerging Markets CEO of the Year Award, which will be announced in January 2013.