TORONTO, Jan. 17, 2012 /CNW/ - Mukuba Resources Limited (TSXV: MKU)
reports that its board of directors has accepted the resignation of
Mukuba's CEO and President, Trevor Richardson. Mr. Richardson has
stepped down as CEO, President and Director of Mukuba to pursue other
career opportunities, effective immediately.
A search committee has been formed by the Board and will immediately
undertake the process of selecting a new CEO. Mr. Richardson will
assist in ensuring a smooth transition.
Kelly Ehler has been appointed interim CEO and President of the company.
Mr. Ehler was CFO of Mukuba from March 2008 to November 2011 and has
extensive knowledge and understanding of the business and assets of the
company. Mr. Ehler has worked in various capacities with a number of
other public and private companies in the mining, technology,
manufacturing and real estate development industries.
Mr. John Hawkrigg, Chairman of Mukuba said "We thank Trevor for his work
and wish him the very best in his future endeavours. I am excited that
Kelly Ehler has agreed to accept the position of interim CEO and
President as he brings tremendous experience and leadership abilities
to the role and has a detailed understanding of the strengths of the
company and the opportunities that are available."
About the Company
Mukuba is a Canadian mining company focused on the exploration and
development of certain African base metal assets alone and through a
joint venture partner. These assets include a 100% interest in the
Northcore Project, which is licensed for both copper and cobalt and
encompasses approximately 2,274 square km of geologically prospective
ground in the Central African Copperbelt region of Zambia. Mukuba is
also a party to a joint venture with Benzu Resources Limited to explore
and develop a copper and base metals project in the Democratic Republic
of the Congo. In addition, Mukuba holds an exclusive option to purchase
an 85% interest in the Nyimba Project, a pollymetallic exploration
project, located near the town of Nyimba, approximately 300 km east of
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Securities regulators encourage companies to disclose forward-looking
information to help investors understand a company's future prospects.
This press release contains statements about our future business and
planned activities, including its search for, and transition with, a
new president and chief executive officer. These are "forward-looking"
because we have used what we know and expect today to make a statement
about the future. Forward-looking statements usually include words such
as may, intend, plan, expect, anticipate, believe or other similar
words. We believe the expectations reflected in these forward-looking
statements are reasonable. However, actual events and results could be
substantially different because of the risks and uncertainties
associated with our business or events that happen after the date of
this press release. You should not place undue reliance on
forward-looking statements. As a general policy, we do not update
forward-looking statements except as required by securities laws and
SOURCE Mukuba Resources Limited
For further information:
Kelly Ehler, interim President and Chief Executive Officer
Tel: +1 (416) 368 4013; Fax: 416 603 9200; Email: email@example.com