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Africo Resources Ltd is pleased to announce the appointment of Dr. Jim Cook, Mr. Pieter Deboutte, Mr Matthew Fisher, and Mr Douglas Ryan to its board of directors, replacing Mr. David Adamson, Mr. John Dixon and Mr. Michael O’Brien. Mr. O’Brien remains the Chief Financial Officer of the company.
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Camrose Resources Limited are pleased to announce that, further to Africo's news release of April 21, 2008, the private placement of CAD$100 million at a price of $2.50 per unit with Camrose, has been completed. Each unit consists of a common share and one-half of a share purchase warrant. Each whole warrant will entitle Camrose to acquire an additional common share at a price of $3.50 per share until January 24, 2010.
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Africo is pleased to confirm that, further to its news release of April 21, 2008, Africo’s shareholders have voted to approve the $100M private placement at a price of $2.50 per unit by Camrose Resources and the associated transactions with Camrose as detailed in that press release.
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Africo announces that it has received a non-binding, conditional proposal from Creat Group Co., an investment enterprise group based in Beijing, China, which focuses on industrial, real estate, mineral resource and financial investments.
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Africo Resources Ltd announces that it has rescheduled its Annual General and Special Meeting to Thursday June 12, 2008.
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Africo Resources Ltd is pleased to announce that it has entered into a Subscription Agreement for a private placement of $100 million (Cdn) at a price of $2.50 per unit with Camrose Resources Limited, a company incorporated under the laws of the British Virgin Islands and of which a trust for the benefit of family members of Dan Gertler is a major shareholder.
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Further to Africo's announcement dated February 7, 2008, which indicated that Africo's subsidiary, H & J Swanepoel Famille Trust sprl, had made an application to transfer the jurisdiction of the cases from the Court in Lubumbashi.
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Africo Resources Ltd. announces that Swanmines sprl. has received written notification from the Minister of Mines in the DRC of the results of the revisitation of the mining agreement with respect to Swanmines sprl., which is the entity that holds the exploitation permit on the Kalukundi copper and cobalt property.
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Africo Resources is pleased to announce positive exploration results from the Kalukundi Project in the Katanga Province of the Democratic Republic of the Congo resulting from a drilling programme conducted in 2007.
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