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Africo Resources Ltd (ARL) is pleased to welcome Larry Okada as the Company's interim Chief Financial Officer, replacing Michael O'Brien.
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Africo Resources Ltd announces that it repurchased 1,731,000 of its common shares on November 3, 2009 from its Chairman Mr Chris Theodoropoulos, at a price of $0.76 per share, being the closing price of Africo's shares on Monday November 2, 2009.
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Africo is pleased to report positive results from a drilling programme undertaken on its Kalukundi Project in the Katanga Province of the Southern DRC.
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Africo announces that, further to its news release dated May 19, 2009, its minority shareholders have ratified the entering into of the agreement with Camrose Resources Ltd. and Comide Sprl. pursuant to which all parties had agreed to terminate the acquisition by Africo of the Mashitu property.
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Africo announced that Dr. Tony Harwood will step down from the position of President and Chief Executive Officer of Africo with immediate effect.
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Africo wishes to announce that it has entered into an Agreement with Camrose Resources Ltd. and Comide Sprl. pursuant to which all parties have agreed to terminate the acquisition by Africo of the Mashitu property.
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Africo is pleased to report that Swanmines Sprl. has signed a MOU with SNEL relating to the supply of electricity to its Kalukundi property.
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Africo Resources Ltd today announced that, following the conclusion of the Mining Review, it has reached agreement with La Générale des Carrières et des Mines and the Government of the Democratic Republic of Congo on the amended terms governing the Kalukundi property.
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