TORONTO, June 25 /CNW/ - 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.
This progress follows on the pronouncement on Friday 25 May 2007 in the
Supreme Court of Kinshasa in the DRC that Africo's motion for judicial
misconduct had been found to be admissible.
Dr Tony Harwood, CEO of Africo Resources, said today that, "This positive
development in the case has provided further encouragement to Africo's efforts
to maintain its ownership of the Kalukundi asset. We are confident that this
development will assist Africo to re-establish the status quo that existed
prior to the judgments obtained by Mr Alejandro Berardone and Akam Mining."
The four Lubumbashi magistrates cited by the Supreme Court presiding
judge on 22nd June 2007, once served with this proceeding, are required to
provide their defence within 15 days. A final judgement will be handed down
after this defence in the Supreme Court.
Note for editors:
Africo Resources Limited is a Canadian mineral company, committed to,
acquiring, exploring and developing base metal assets in Africa. The company's
main project is Kalukundi, a development stage copper-cobalt deposit located
on 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. 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.
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: please visit our website at
www.africoresources.com, or contact: Dr Tony Harwood, President and CEO, on
tel: +27(11) 463-0081; Chris Theodoropoulos, Chairman, on tel: (604) 646-3225;
Bill Cavalluzzo (Investor Relations), on tel: (866) 365-4706; Charmane
Russell, on tel: +27(11) 880-3924