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.
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. 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