CALGARY, ALBERTA--(Marketwired - Aug. 30, 2016) - Africa Hydrocarbons Inc. (NEX:NFK.H) ("AHI" or the "Company") is pleased to announce the appointment of Andrew Male and Stephan Fabian to the Board of Directors, effective August 30, 2016.
Mr. Fabian is a mining engineer with over 25 years of experience in the resources sector working as a fund manager, mining analyst and Chief Executive Officer of numerous mining ventures ranging from gold, diamonds and iron ore sectors. Mr. Fabian's experience includes project analysis, M&A, financing, project development and mining operation optimization. Mr. Fabian is presently a Board member of Aquila Resources Inc., a TSX Venture Exchange Issuer and advisor to the Baker Steel Resources Trust (BSRT), a London Stock Exchange (LSE) listed resources fund focusing on earlier-stage opportunities in the sector.
Mr. Male is currently a Director and Chief Executive Officer of two TSX Venture Exchange listed companies and a Managing Director of a privately held Corporate Finance & Investment entity. Mr. Male is a former CEO of a TSX Venture Exchange Top 50 Company, ranked 9th, that began as a restructured entity with a $600,000 market cap that grew into excess of $25.0 million through the financing, acquisition and development of mining assets. Mr. Male's experience includes corporate finance, M&A, turnaround and corporate transitional implementation, start-up businesses, private to public market transitions with financings and TSX / TSX Venture Exchange and AIM Exchange listings.
The Company also announces the resignation of Mr. David Antony and Binh Vu as Directors of the Company, effective August 30, 2016. The Company would like to thank Mr. Antony and Mr. Vu for their years of service to AHI.
The new appointments to the Corporation's Board of Directors is subject to approval by the TSX Venture Exchange.
About the Company
Africa Hydrocarbons Inc. is a Canadian based company listed on the NEX board of the TSX Venture Exchange.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release.
ON BEHALF OF THE BOARD OF
AFRICA HYDROCARBONS INC.
John Nelson, CEO