AgriMinco Corporate and Project Update
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 12/29/14 -- AgriMinco Corp. (TSX VENTURE: ANO) ("ANO" or the "Company") is focussed on development of renewable energy and agricultural projects in Africa with a strong focus on West Africa.
Highlights
ANO is pleased to announce that it has acquired a 51% interest in the Togolese company SLOD-Africa Sarl. This company will act as a joint venture company for the promotion of the ANO's renewable energy projects in Togo and West Africa, in general.
SLOD-Africa Sarl has entered into an agreement with the Togolese farmer's cooperative ReNOP (Reseau National des Organisations Paysanes du Togo) for the provision of renewable energy solutions for their approximately 25,000 out growers and their families.
In Togo, approximately 66% of the population are involved in agriculture with 5 million out of a population of 6.8 million (2013) having no access to any form of power.
The 2014 annual general meeting of the Company was held on the 04 December, 2014. At the meeting, all the proposed resolutions as laid out in the Management Information Circular were approved.
ANO announces that it previously paid the $275,000 settlement amount payable by it in connection with the settlement agreement disclosed in its Management Discussion and Analysis for the quarter ended June 30, 2014. ANO obtained the necessary funds to pay the settlement and ANO's legal fees from a third party private mining company in exchange for ANO agreeing to sell a 51% interest in the Bassar Project, if, as and when, ANO receives a renewal of the licenses to explore for phosphates on the Bassar Project, and subject to all regulatory approvals.
Should the Bassar licences not be renewed by the 17th March, 2015, or AgriMinco and third party private mining company fail to reach a definitive agreement 60 days after the Bassar licences renewal, the third party private mining company shall be issued, subject to TSX Venture Exchange approval, 9.9% of ANO's outstanding share capital as partial repayment of the settlement costs, legal fees and interest, and pay in cash, when ANO has sufficient funds available the remainder of ANO's settlement costs, legal fees and interest.
Mr Johan Slabber, the CEO, commented: "The settlement above now allows ANO to carry on with the development of its renewable energy and agricultural sector projects by freeing up capital for these revenue generating projects. The first agreement above is seen as a foothold into a sub-region in Africa that desperately needs renewable energy solutions for its rural populations and the Company will continue to work throughout Africa on other potential projects."
About AgriMinco Corp.
AgriMinco Corp. is a Canadian company based in Toronto, Ontario, Lome, Togo, and Bamako, Mali. For more information regarding AgriMinco visit our website at .
Contacts:
AgriMinco Corp.
Johan Slabber
CEO and Director
+27 72 018 5480
AgriMinco Corp.
Bruce Cumming
Executive Director
+27 72 623 4671
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 29.12.2014 - 22:00 Uhr
Sprache: Deutsch
News-ID 361710
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Mining & Metals
Diese Pressemitteilung wurde bisher 453 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"AgriMinco Corporate and Project Update"
steht unter der journalistisch-redaktionellen Verantwortung von
AgriMinco Corp. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
