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Africo Resources Ltd. (TSX: ARL) 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. The resolution ratifying the termination was passed at the Annual and Special Meeting held on June 18, 2009, by shareholders of Africo other than Camrose and its related entities.
At the meeting held on June 18, 2009, shareholders also re-elected incumbent directors James Cook, Pieter Deboutte, Matthew Fisher, Lukas Marthinus (Tinus) Maree, Douglas Ryan and Chris Theodoropoulos and re-appointed PricewaterhouseCoopers LLP as auditor for the ensuing year.
Chris Theodoropoulos
Chairman
on Tel: +1(604) 646-3225
Michael O’Brien
Chief Financial Officer
on Tel: +1(604) 646-3225
Africo Resources Ltd. is a Canadian mineral company engaged in developing, acquiring and exploring for base metal and gold assets in Africa. The company’s main project is Kalukundi, a development stage copper-cobalt deposit located in the Katangan Copperbelt in the Democratic Republic of Congo (DRC). The development team has an operational base in the DRC, with the company corporate offices located in Vancouver, Canada. The Company listed on the Toronto Stock Exchange in December 2006.
This news release contains certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical fact, that address events or developments that Africo expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Africo believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration success, continued availability of capital and financing and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Africo’s management on the date the statements are made. Other than as required by law, Africo undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.