Mukuba Resources Limited

Mukuba Resources Limited

February 12, 2010 16:40 ET

Mukuba Announces Listing and Trading of Shares on the TSX-V

TORONTO, ONTARIO--(Marketwire - Feb. 12, 2010) -

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Mukuba Resources Limited ("Mukuba" or the "Company") is pleased to announce that the TSX Venture Exchange (the "TSX-V") issued a bulletin today granting approval for the listing of the Company's common shares for trading on the TSX-V commencing at the opening of market on Tuesday, February 16, 2010. The Company's common shares will trade under the symbol "MKU". The warrants forming part of the units issued by the Company in its initial public offering that closed on February 10, 2010 will not be listed on the TSX-V.

About the Company

Mukuba is a mining company focused on the exploration and development of two "greenfield" exploration projects known separately as the Northcore Project, of which the Company holds a 100% interest, and the Lunga Project, which, pursuant to an option agreement, the Company may earn up to an 80% interest, each located in the central African copperbelt region of northern Zambia. The Company's principal activities include mineral exploration and development with a view to advancing its projects to the mineral production stage.

Forward-looking Information

Certain information contained in this press release constitutes "forward-looking information", which is information regarding possible events that is based upon assumptions about future economic conditions and courses of action. All information other than matters of historical fact may be forward-looking information. In some cases, forward-looking information can be identified by the use of words such as "expect", and "intend" and similar words or phrases suggesting future outcomes or events. Forward-looking information in this press release includes, but is not limited to, information concerning details of the public offering, including the Company's anticipated use of the proceeds.

By its nature, forward-looking information involves known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, to differ materially from those expressed or implied by such forward-looking information. Some of the risks and other factors that could cause actual results to differ materially from those expressed in the forward-looking information contained in this release include, but are not limited to: the possibility that the public offering will not be completed as contemplated, or at all, because the necessary regulatory approvals are not received or other conditions to completion of the offering are not satisfied, and the possibility that the Company will have to allocate proceeds to other uses or reallocate proceeds differently among the anticipated uses due to changes in project parameters or other unforeseen circumstances associated generally with the unpredictability of exploration and development activities. Although we have attempted to identify important factors that could cause actual results or events to differ materially from those described in the forward-looking information, readers are cautioned that this list is not exhaustive and there may be other factors that we have not identified. Readers are cautioned not to place undue reliance on forward-looking information contained in this release. Forward-looking information is based upon our beliefs, estimates and opinions as at the date of this release, which we believe are reasonable, but no assurance can be given that these will prove to be correct. Furthermore, we undertake no obligation to update or revise forward-looking information if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law. All forward-looking information contained in this release is expressly qualified by this cautionary note.

Neither TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Mukuba Resources Limited
    Trevor Richardson
    President and Chief Executive Officer
    +1 (416) 918-2242
    www.mukubaresources.com