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Africo Resources Ltd is pleased to announce that, further to its news release of November 16, 2007, it has completed a private placement with the International Finance Corporation (IFC), a member of the World Bank Group, for gross proceeds of C$4,000,000.
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Africo Resources Ltd. is pleased to announce that it has concluded a financing arrangement with IFC (International Finance Corporation), a member of the World Bank Group, to support the development of the Kalukundi project and related infrastructure.
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Africo Resources (TSX: ARL) said today that the 75% ownership in Swanmines Sprl by its wholly-owned subsidiary, H&J Swanepoel Famille Trust s.p.r.l., has been reconfirmed by DRC Justice Minister Georges Minsay Booka in a letter to claimant Akam Mining s.p.r.l.
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Africo Resources Ltd. is pleased to make public the contents of a letter issued today by the Governor of Katanga, His Excellency Moise Katumbi Chapwe.
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Africo Resources Ltd, is pleased to announce that Swanmines S.p.r.l. has signed a Memorandum of Understanding (MOU) with the DRC's Ministry for Social Affairs.
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Africo Resources Ltd (TSX:ARL) is pleased to announce the following appointments to support the development of its Kalukundi project. This deposit is situated on the Katanga copperbelt in the Democratic Republic of the Congo (DRC).
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Africo Resources Ltd. is pleased to make public the contents of a letter received on the 12th September 2007 from Mr. Georges Minsay Booka, Minister of Justice for the Democratic Republic of the Congo (DRC).
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You will undoubtedly be aware of perplexing and frustrating developments in Africo’s various and strenuous efforts to affirm its ownership of the Kalukundi Property in the Democratic Republic of the Congo (DRC).
These efforts have been both legal and diplomatic in nature, and generally complex to say the least.
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Further to the news release dated August 2, 2007, Africo has been advised of the outcome of the public hearing that took place on Friday August 10, 2007.
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Further to the news release dated 16 July 2007, Africo Resources has been advised that the public hearing took place on Friday 27th July 2007 at the Supreme Court of Justice in Kinshasa.
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Africo Resources is pleased to announce that it has agreed to a financing proposal from the International Finance Corporation (IFC), the private sector arm of the World Bank Group, to
support the development of the company's Kalukundi project and related infrastructure.
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Further to the news release dated 10 July 2007, Africo Resources has been advised that the three Lubumbashi judges who are subject to proceedings under the authority of the Presiding Judge of the Supreme Court of Justice of the DRC have now been notified that the Supreme Court has set the date of their appearance for 27th July 2007.
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Further to its news release dated 25 June 2007, Africo Resources has been advised that three of the four Lubumbashi judges against whom Africo has lodged a case of judicial misconduct have been served with proceedings under the authority of the Presiding Judge of the Supreme Court of Justice of the DRC. One of the judges named in Africo’s suit was not served because his judgement was unrelated to the proceedings that Africo is disputing. The misconduct alleged by Africo relates to the judgements obtained by Mr Alejandro Berardone against Africo Resources and the purported sale of Swanmines shares to Akam Mining.
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Africo Resources is pleased to advise that on 22nd June 2007 the Presiding Judge of the Supreme Court of Justice of the DRC authorized the lodging of the judicial misconduct application referred to in Africo’s press release dated April 27, 2007 with respect to the judgements obtained by Mr Alejandro Berardone and Akam Mining, respectively.
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General Prosecutor finds Africo’s motion for judicial misconduct to be admissible.
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Further to its news releases dated February 23, 2007 and April 27, 2007, Africo Resources has initiated the following legal proceedings in the DRC in an effort to have the judgment in favour of Mr. Berardone set aside and to assert ownership of Swanmines, the entity that owns the Kalukundi copper/cobalt project in the Katanga Province, DRC.
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Africo announces that due to the developments announced in its news release of earlier today, Africo and its underwriters have mutually agreed to withdraw the offering announced on April 13, 2007.
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Africo Resources has been made aware of a decision rendered by a court in Lubumbashi, DRC in a matter between Akam Mining s.p.r.l. (“Akam”) and Gecamines.
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Africo Resources is pleased to announce that it has now acquired the shares of The Enterprise H&J Swanepoel Famille Trust sprl that it did not previously own, through its wholly owned subsidiaries Africo Resources (BC) Ltd.
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Africo Resources is pleased to announce that further to its news release earlier today and dated April 13, 2007, the financing has been increased to 35,150,000 common shares at C$3.70 per Common Share, for gross proceeds of C$130,055,000.
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Africo Resources is pleased to announce that it has entered into a financing agreement with an underwriting syndicate led by Paradigm Capital Inc. and including GMP Securities LP, pursuant to which the Underwriters have agreed to purchase 27,030,000 common shares of Africo at a price of C$3.70 per Common Share for total gross proceeds of C$100,011,000.
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Africo Resources is pleased to announce the following appointments to support the development of its Kalukundi project.
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Africo Resources has been advised that one of its former employees in the Democratic Republic of Congo, Mr. Alejandro Berardone, has ex parte and without proper notice to the Company, obtained a default judgement against the Company.
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Africo Resources Ltd (TSX: ARL) is pleased to announce further exploration results on two fragments additional to the four fragments comprising the Kalukundi ore reserve as identified in the feasibility study completed in 2006.
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