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Changes to Africo's Board of Directors
Published : July 05, 2011
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Keywords :   Canada | Cobalt |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 5, 2011) - Africo Resources Ltd. ("Africo") (News - Market indicators) is pleased to announce the election by shareholders of Messrs. Beat Ehrensberger and Charles Forster to the Board of Directors at Africo's Annual General Meeting held on June 28, 2011.

Mr. Ehrensberger was the Head of Mergers and Acquisitions and has recently been appointed General Counsel for Eurasian Natural Resources Corporation PLC ("ENRC"). Mr. Ehrensberger has been with ENRC for the past 8 years. He began his career in the Tax and Legal Department for Ernst and Young in Switzerland and later worked at a Law Firm in Zurich, Switzerland.

Mr. Forster is the Chief Geologist and Head of Exploration for ENRC Africa. Previously he was the Senior Vice President at Oyu Tolgoi for Ivanhoe Mines Ltd in Mongolia and received the Colin Spence and Thayer Lindsay Awards for his work in Mongolia. Mr. Forster has a long history in the mining industry from his work with a number of major mining companies.

Chris Theodoropoulos, Chairman and President stated, "We are delighted to have two individuals join our board who have such broad experience in the mining industry which adds vital dimensions to our Board. We are building our team with a view to completing the development of the Kalukundi Project in the Democratic Republic of the Congo.

We further wish to thank Messrs. Pieter Deboutte and Tinus Maree, who did not stand for re-election as directors at the meeting, for their invaluable assistance during their tenure as directors."

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 TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Africo Resources Ltd.
Chris Theodoropoulos
Chairman
+1(604) 646-3225
or
Africo Resources Ltd.
Larry Okada
Chief Financial Officer
+1(604) 646-3225
www.africoresources.com
Data and Statistics for these countries : Canada | Mongolia | Switzerland | All
Gold and Silver Prices for these countries : Canada | Mongolia | Switzerland | All

Africo Resources

EXPLORATION STAGE
CODE : ARL.TO
ISIN : CA0082911060
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Africo Res. is a copper and cobalt exploration company based in Canada.

Africo Res. holds various exploration projects in Congo Rep. of the.

Its main exploration properties are MPOROKOSO in Zambia and KALUKUNDI in Congo Rep. of the.

Africo Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 74.9 millions as of today (US$ 57.0 millions, € 51.4 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 4.75, and its lowest recent point on July 31, 2015 at CA$ 0.30.

Africo Res. has 71 313 127 shares outstanding.

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Annual reports of Africo Resources
2008 Annual Report
2007 Annual report
Financings of Africo Resources
7/25/2008completes CAD$100 million private placement with Camrose Res...
6/13/2008shareholders approve $100M private placement and associated ...
4/23/2008Announces CAD$100 million private placement to develop the K...
Nominations of Africo Resources
7/5/2011Changes to Africo's Board of Directors
12/30/2009Interim CFO and CEO Appointments
Project news of Africo Resources
6/23/2011(Kalukundi)Re-Commences Core Drilling Program on its Kalukundi Copper a...
8/4/2009(Kalukundi) intersects highest grade intersections to date at Kalukundi...
2/7/2008reports positive exploration results at Kalukundi
Corporate news of Africo Resources
5/13/2016Africo Resources Ltd. Enters into Definitive Agreement with ...
8/20/2015Africo Appoints Special Committee
6/27/2015Africo Resources reports results from Annual Meeting
6/26/2015Africo Resources Reports Results from Annual Meeting
10/16/2014Africo Resources Appoints a New Director
5/23/2013(Kalukundi)Resource Assessment NI 43-101 Technical Report Completed on ...
5/23/2013(Kalukundi)Resource Assessment NI 43-101 Technical Report Completed on ...
4/10/2013Revised Resource Assessment Delineates Sigificantly Improved...
9/28/2012(Kalukundi)Additional Drilling Results at Africo's Kalukundi Copper-Cob...
6/13/2011Retains MDM Engineering to Update Feasibility Study on a 1.2...
11/5/2009repurchases shares
3/9/2009Signs MOU for Power with SNEL in DRC
2/4/2009Reaches Agreement with G\351camines and the...
12/11/2008Wins Mines and Money Award
6/12/2008receives unsolicited conditional proposal from Creat Group C...
5/5/2008Reschedules Annual General Meeting until June 12, 2008
3/31/2008Update regarding DRC legal issues
2/20/2008 Update regarding the DRC mining review
11/28/2007Completes C$4.0 million equity financing with IFC
11/16/2007 Announces C$4.0 million IFC Private Equity Placement
10/25/2007Governor of Katanga supports Africo in Legal Issue
10/15/2007Africo Resources signs MOU with DRC Ministry of Social Affai...
9/6/2007Letter to shareholders
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