Africo Resources Ltd.
TSX : ARL

Africo Resources Ltd.

October 16, 2014 14:01 ET

Africo Resources Appoints a New Director

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 16, 2014) - Africo Resources Ltd. ("Africo") (TSX:ARL) is pleased to announce the appointment of Mr. George Ireland to its Board of Directors.

Mr. Ireland founded Geologic Resource Partners LLC ("Geologic") in 2004 and serves as its chief investment officer and CEO. Geologic owns approximately 15% of Africo's shares.

Mr. Ireland has over 35 years of experience in all aspects of the resource sector, ranging from field geology to banking and venture capital. From 2000 to 2004, he was General Partner of Ring Partners, LP, a predecessor investment partnership to Geologic. From 1993 to 2000, Mr. Ireland was an analyst for and a partner in Knott Partners LP where he specialized in resource investing. Prior to 1993, Mr. Ireland held a variety of positions at Cleveland-Cliffs Inc, The Chase Manhattan Bank, ASARCO Inc. and Ventures Trident LP. Mr. Ireland graduated from the University of Michigan with a BS from the School of Natural Resources and is a Fellow in the Society of Economic Geologists. Mr. Ireland also serves on the boards of Amerigo Resources Ltd, Kiska Metals Corporation, Taseko Mines Ltd. and Merrill & Ring Inc, a private timber company in the US.

Chris Theodoropoulos, Chairman stated, "We welcome Mr. Ireland and his invaluable experience to our Board and look forward to working with him. The funds managed by Mr. Ireland's firm, Geologic, have been key shareholders of Africo since 2007."

Note for editors:

Africo Resources Ltd. is a Canadian mineral company engaged in developing, acquiring and exploring for base metal assets in Africa. The company's main project is Kalukundi, a development stage copper-cobalt deposit located in 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 TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Africo Resources Ltd.
    Chris Theodoropoulos
    Chairman
    +1(604) 646-3225

    Africo Resources Ltd.
    Larry Okada
    Chief Financial Officer
    +1(604) 646-3225