Africo receives support from DRC's Minister of Justice in legal battle.TORONTO Toronto (tərŏn`tō), city (1998 est pop. 2,400,000), provincial capital, S Ont., Canada, on Lake Ontario. Toronto is the largest city in Canada and since the 1970s has been one of the fastest-changing cities in North America, experiencing -- Africo Resources Ltd. is pleased to make public the contents of a letter received on the 12th September September: see month. 2007 from Mr. Georges Minsay Booka, Minister of Justice for the Democratic Republic of the Congo Congo, river, Africa Congo (kŏng`gō) or Zaïre (zī`ēr, zäēr`), great river of equatorial Africa, c. (DRC DRC Democratic Republic of Congo DRC Down (Stage) Right Center DRC Director(ate) of Reserve Components DRC Disability Rights Commission (United Kingdom) ). The letter is addressed to the Chairman of Gecamines, and copied to the President of the Republic, the Prime Minister, the First President of the Lubumbashi Lubumbashi (l  bmbä`shē), city (1984 pop. Court of Appeal, the Deputy General
Manager of Gecamines, and our legal Counsel in Kinshasa, Maitre Lukombe.
The letter advises Gecamines to take note that Akam Mining, which has
claimed ownership rights to Swanmines s.p.r.l., has bought non-existent
shares in Swanmines s.p.r.l. The letter reinforces that the rightful
owners of Swanmines s.p.r.l. are, as they always have been stated by
Africo Resources Ltd., the H&J Swanepoel Famille Trust s.p.r.l and
Gecamines. H & J Swanepeol Famille Trust s.p.r.l. is held 100%
through various subsidiaries by Africo Resources Ltd.
The letter directs Gecamines to prevent any disturbance DISTURBANCE, torts. A wrong done to an incorporeal hereditament, by hindering or disquieting the owner in the enjoyment of it. Finch. L. 187; 3 Bl. Com. 235; 1 Swift's Dig. 522; Com. Dig. Action upon the case for a disturbance, Pleader, 3 I 6; 1 Serg. & Rawle, 298. to the organisation and running of Swanmines s.p.r.l., and states the ownership of Swanmines s.p.r.l. as being Gecamines (25%) and H & J Swanepoel Famille Trust s.p.r.l. (75%). Swanmines s.p.r.l. owns the Kalukundi asset in Katanga province For other uses, see Katanga (disambiguation). Katanga is the southern province of the Democratic Republic of the Congo, due under the new constitution to be replaced by four smaller provinces by February 2009. , DRC. Dr Tony Harwood, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Africo Resources Ltd, said today that he continues to believe that justice will be done. "Africo Resources are the rightful owners of the Kalukundi asset, through its subsidiary company H&J, and the support received from the Minister will assist us in re-establishing that ownership." The original letter and English translation is available to view on our website at http://www.africoresources.com/our-investors/news/2007/minister_of_ justice_letter.pdf. Note for editors: Africo Resources Ltd is a Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. mineral company, committed to 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 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 Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. in December 2006. Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : 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. |
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