African Energy Cancels Private Placement and Appoints Director
Vancouver, British Columbia - (August 2, 2024) – African Energy Metals Inc. (TSXV: CUCO; FSE: BC2; OTCQB: NDENF) (“African Energy Metals” or the “Company”) has agreed to cancel the non-brokered private placement (the “Financing”) of 3,333,333 units (each a “Unit”) at a price of CAD $0.015 per Unit for aggregate proceeds of CAD $50,000 announced on July 2, 2024. The Company also announced the appointment of Arndt Roehlig to the Board of Directors replacing Mr. Shu Zhan.
Mr. Roehlig is currently an independent director who has served on numerous Canadian public company boards operating in the resource and technology sectors. As president and chief executive officer of various companies, Mr. Roehlig has raised millions of dollars for TSX Venture Exchange-listed companies. He specializes in negotiation and reorganizing publicly traded companies.
The Company would like to thank Mr. Zhan for his long-term contribution to the Company and wishes him continued success in his business ventures.
For further information, please contact:
Stephen Barley, Executive Chairman Phone: (604- 834-2968)
Email: [email protected]
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This news release may contain “forward-looking information” within the meaning of applicable securities laws. Although the Company believes, considering the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward- looking information are reasonable, undue reliance should not be placed on them.. The statements in this press release are made as of the date of this release. The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company its securities, or its financial or operating results.
African Energy Metals Inc. Suite 401, 750 West Pender Street, Vancouver, B.C., Canada, V6C 2T7