Mukuba Announces Results of Shareholders’ Meeting and Termination of Nyimba Project Agreement
TORONTO, June 28, 2012 /CNW/ – Mukuba Resources Limited (“Mukuba” or the
“Company”) (TSXV: MKU) is pleased to announce the results of its annual
and special meeting of shareholders held earlier today. At the meeting,
the Mukuba shareholders:
-- re-elected John Hawkrigg, Martin Horgan, Danny Keating and Michael Smyth to the board of directors; -- re-appointed Ernst & Young LLP, Chartered Accountants, as auditor of Mukuba and authorized the board of directors to fix the auditor's remuneration; and -- re-approved the Company's stock option plan.
The Company also announces that the Agreement for Mining Rights and
Option to Purchase the Nyimba Project has been terminated in accordance
with its terms.
Mr. Kelly Ehler, interim President and CEO of Mukuba, stated that “we
are focused on developing our core assets which consist of the
Northcore Project and the assets in the Democratic Republic of the
Congo that are subject to the Benzu Resources joint venture agreement.”
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.
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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. 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 regulations.
SOURCE Mukuba Resources Limited