Mukuba Resources Limited

Mukuba Resources Limited

July 02, 2008 16:10 ET

Mukuba Announces Name Change and Share Consolidation

TORONTO, ONTARIO--(Marketwire - July 2, 2008) - Mukuba Resources Limited (the "Company") announced today that it amended its articles of incorporation to change the name of the Company from "BF Minerals Ltd." to "Mukuba Resources Limited".

In addition, the Company amended its articles of incorporation to consolidate its common shares on the basis of 4.0987 shares into one share. The previously issued and outstanding 77,044,641 common shares of the Company have been consolidated into 18,797,336 common shares.

About the Company

The business of the Company consists of the exploration and development of two contiguous greenfield exploration projects (the Northcore Project and the Lunga Project) in the Central African Copperbelt region of northern Zambia.

A duo helicopter borne VTEM survey was commissioned on the Northcore Project in June 2008. A total of 13,413 line kms (approximately half of the project area) was contracted to Geotech Airborne and to date 5,562 line kms have been completed. At the current flying rate, the survey will be completed by the end of July. Upon completion of the geophysical interpretation of the VTEM data, targets will be verified in the field in the 2008 work program.

This press release contains certain forward-looking statements, which are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected. BF Minerals Ltd. undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

Contact Information

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