Mukuba announces the resignation of its CEO and President
14 Janeiro 2012 - 7:37PM
PR Newswire (Canada)
TORONTO, Jan. 17, 2012 /CNW/ - Mukuba Resources Limited 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 Lusaka, Zambia. 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. Forward-looking Information 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 regulations. Mukuba Resources Limited CONTACT: Kelly Ehler,
interim President and Chief Executive OfficerTel: +1 (416) 368
4013; Fax: 416 603 9200;Email: info@mukubaresources.com
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