KIG Mining Plc.
KIG Mining Plc: Strategic changes resolved; another two new directors appointed
KIG Mining Plc / Strategic Company Decision/Change of Personnel Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Esher, 06.05.2009 - The chairman, Mr. Kaprelian has reported on strategic changes to the Company's prime business of mining operations. The company's focus is to move from West Africa (Liberia) and to intensify operations in southern Africa, historically known for its diamond rich areas. The motive behind this move of focal point is the reduction of the risks in West Africa and to exploit higher volume production. A complete business and operational plan together with other relevant details will be announced in due time. This information will be available on the Company's website and published in related public media. KIG Mining Plc is at the time of this announcement in positive and advanced negotiations with the acquisition of various mining operations, both diamond and gold. These acquisitions are progressing swiftly at present. New directors were appointed with effect of 14 April 2009. They are Mr Hendrik J. Gerber and Mr Lameh Fares, joining the team for their expertise in their respective fields. The shares in capital issued were totalling 186,102,998 ordinary shares up to the date of general meeting in April 2009 Chairman KIG MINING PLC Thames House, Portsmouth Road Esher, Surrey KT10 9AD United Kingdom Contact: Mr. Vicken Kaprelian (CEO) Tel: +44 (079) 3713 333 Fax: +27 866 706 978 Email: ir@kigmining.com 06.05.2009 Financial News transmitted by DGAP ----------------------------------------------------------------------
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