West Africa Mining Holding AG
West Africa Mining Holding AG expands its board of directors with experts for pioneer markets
West Africa Mining Holding AG / Change of Personnel 19.03.2010 08:30 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- As already previously announced, at the upcoming general meeting of West Africa Mining Holding AG, the former Portuguese international football star Luis Figo will be recommended for election to the board of directors (see communication from 12th March 2010). As a member of the board of directors, Luis Figo will not only provide the company with valuable contacts, but he will also take an 11% share in the company through his private investment holding company, Damafh S.G.P.S. Lda., in Lisbon. Alongside Luis Figo, well-known expert in capital markets Swen Lorenz is also standing for election to the board of directors of West Africa Mining Holding AG. Mr Lorenz is a renowned expert in locating investment opportunities in newly industrialised countries and pioneer markets. He was instrumental in the founding and creation of Speymill Macau Property Company, a property company listed in London which has been able to increase its equity to around $150m in two rounds of financing and therefore became one of the first large foreign investors into Macau's property market. Mr Lorenz was a member of the board of this company between November 2006 and July 2009. Through his work as a private investor, writer, columnist and regular television guest, he is able to provide an extensive and close-nit network for the company. Amongst other things, he will help the company by opening up sources of finance on the international capital market. 'In West Africa, there are still under-developed markets in the traditional sense. Any type of operative business creation in this area represents an enormous challenge. However, this type of pioneer market offers the chance, if successful, to achieve extraordinarily high returns,' says Lorenz. 'West Africa Mining Holding AG finds itself at an early stage of development into which I would like to bring my experience from other similar projects and support the company management in strategic measures and capital market issues'. Subject to the vote of the general meeting, the newly-formed board of directors will consist of Mr Swen Lorenz (chairman of the board of directors), Luis Figo (board of directors) and Peter Sommer (board of directors). The general meeting is scheduled for the end of April. Further information will follow in terms of an official invitation. More information at: West Africa Mining Holding AG Untermüli 6 CH-6300 Zug Switzerland ISIN CH0045659973 WKN A0Q9UR Email info@westafrica-mining.com Internet http://www.westafrica-mining.com Telephone +41 (44) 586 0 111 About West Africa Mining Holding AG West Africa Mining Holding AG operates as an investment company focussing on exploration, mining, petroleum and gas producers. Westafrica Mineral Mining Ltd. is a 100% subsidiary of West Africa Mining Holding AG. West Africa Mining Holding AG's business model is based on the financing and development of young exploration companies with an over-average potential in discovering and extracting mineral resources. The investment horizon extends to a period of two to five years. 19.03.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------
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