7th Jun 2012 07:01
Mwana Africa PLC
("Mwana", the "Group" or the "Company")
Appointment of Non-Executive Director
Mwana Africa PLC today announces that Mr. Yat Hoi Ning will be joining the Board as a non-executive director of the Company with effect from 7 June 2012.
Mr. Ning through his investment vehicle China International Mining Group Corporation had subscribed US$21.2 million for 242,424,282 new ordinary shares in Mwana Africa PLC on 20 April 2012, representing a 22% interest in the enlarged share capital of the Company.
Oliver Baring, Non-Executive Chairman of Mwana, commented today:
"On behalf of the Board of Mwana, I am delighted to welcome Mr. Ning and we look forward to working closely with him as the Company continues to operate and develop mines in southern Africa."
The following additional information falls to be disclosed in relation to Mr. Yat Hoi Ning aged 55 in accordance with Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies:
Current directorships:
Absolute Advantage Assets Ltd
Best Gainful Profits Ltd.
Big Capital Profits Limited
China International Mining Group Corporation
Earning Source Investment Limited
Fareast Nickel Mining Corp.
Free Capital Group Limited
Goldland Investments (Hong Kong) Limited
Guang Dong Jin Hai Transportation Limited
Henson (Hong Kong) Limited
Hoi Mor Industrial Limited
Hoi Mor Industrial (Group) Limited
Hoi Yuen Investments Limited
Hong Kong International Mining Exhibition Company Limited
Hong Kong Mining Exchange Company Limited
Hong Kong Mineral Expo Limited
Kam Yuen Capital Limited
Maximum Profits Worldwide Inc.
MBMI Resources Inc.
Power Wave Limited
Universal Top International Ltd.
228HK Limited
338HK Limited
Previous directorships:
China Coke (H.K.) Holdings Limited
China International Nickel Mining Limited
Hoi Mor Transport Limited
Hong Kong Auto Equipment Limited
For further information please visit www.mwanaafrica.com or contact:
Mwana Africa PLC Tel: +44 (0)20 7654 5580
Donald McAlister / Lorenz Werndle
Nominated Adviser and Broker
Liberum Capital Limited Tel: +44 (0)20 3100 2000
Michael Rawlinson / Tom Fyson / Christopher Kololian
Public & Investor Relations
Tavistock Communications Tel: +44 (0)20 7920 3150
Ed Portman / Mike Bartlett / Simon Hudson
About Mwana Africa PLC
Mwana Africa PLC is a pan-African, multi-commodity resources company. Mwana's principal operations and exploration activities cover gold, nickel and other base metals, and diamonds in Zimbabwe, the DRC and South Africa. Mwana was the first African owned and managed mining business to be listed on London's AIM market. Mwana's Freda Rebecca gold mine in Zimbabwe achieved its target production rate of 50,000 ounces gold per annum in 2011. In February, Mwana announced a gold mineral resource of 2.01 million ounces at its Zani Kodo project in Democratic Republic of Congo. Further information on the Company can be found at www.mwanaafrica.com.
END
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