TORONTO, Sept. 25, 2012 /CNW/ - Mukuba Resources
Limited (TSX-V:MKU) ("Mukuba" or the "Company") is pleased to
announce that it has issued 416,666 common shares to each of Mr.
John Hawkrigg, Mr. Martin Horgan, Mr. Danny
Keating, Mr. Michael Smyth,
all directors of Mukuba, and Mr. Kelly
Ehler, President and Chief Executive Officer of Mukuba, in
satisfaction of the previously announced compensation payments in
lieu of fees and services rendered to the Company (the "Share
Compensation Payments"). The Share Compensation Payments were
approved by shareholders of the Company on August 30, 2012 and remain subject to final
acceptance by the TSX Venture Exchange. The securities issued as
part of the Share Compensation Payments may not be traded before
January 25, 2013.
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 2,209
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, including matters
relating to the issuance of shares. 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