TORONTO, June 19 /CNW/ - 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.
Note for editors:
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.
For further information:
For further information: Chris Theodoropoulos, Chairman, on Tel: (604)
646-3225; Michael O'Brien, Chief Financial Officer, on Tel: (604) 646-3225