|By Marketwired .||
|July 29, 2014 01:02 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 07/29/14 -- Further to our press release of May 13 of 2014, AgriMinco Corp. (TSX VENTURE:ANO) ("AgriMinco" or "Company") is pleased to announce that the management of the Company has been restructured.
The board has accepted the resignation of Michael Galloro both as a director and from all appointments with the Company and has appointed Johan Slabber as a director with immediate effect. Bruce Cumming has resigned as CEO and CFO but remains on the board of the Company as an Executive Director. Johan Slabber has accepted the appointment of CEO and Jacqueline Popplestone has been appointed as CFO.
AgriMinco is assessing a number of revenue generating acquisition opportunities in African based Agricultural product trading and processing, whilst continuing negotiations with the Ministry of Mines in Togo in regard to phosphate exploration.
Johan Slabber retired from the South African navy in 1995 with the rank of Lieutenant Commander and Project Finance Officer of the navy. Mr. Slabber has 20 year experience in Sub-Sahara Africa in mining development and operations as well as agricultural and commodity trading projects. In particular, Johan was Country Director for DiamondWorks in Angola and Operations Director for Goldtree SL in Sierra Leone.
Commenting on these changes, George Roach, Chairman of the Company said that; "Our Company has been through a torrid period but with access to cash, being largely debt free, a restructured management team and a new focus on cash generating opportunities, we are finally able to look forward to a better future. Whilst welcoming Johan on board as CEO, I would like to thank Michael Galloro for his unstinting service over several very difficult years, and similarly, Bruce Cumming. As at close of business on July 28th 2014, our Company interest in Premier African Minerals Limited (AIM:PREM) (see press release of May 13th 2014) stood at some CAD$1,17m."
AgriMinco Corp. is a Canadian company based in Toronto, Ontario Canada. For more information regarding AgriMinco visit our website at www.agriminco.com.
This press release may contain forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. All statements that address future activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. Forward-looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties and other factors that may cause actual results to differ materially from those expressed or implied by the forward-looking information. Factors that may cause actual results to vary materially include, but are not limited to changes in general economic conditions or conditions in the financial markets. Such forward-looking information is based on a number of assumptions, including but not limited to, there being no significant decline in existing general business and economic conditions. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligations to update publicly or otherwise revise any forward-looking information, except as may be required by law. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company's filings with the Canadian securities regulators available on www.sedar.com.
Neither 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 release.
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