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Enter Symbol
or Name
USA
CA



African Metals Corp (2)
Symbol AFR
Shares Issued 11,108,682
Close 2015-10-06 C$ 0.05
Market Cap C$ 555,434
Recent Sedar Documents

ORIGINAL: African Metals receives CTO from BCSC

2015-10-13 16:52 ET - News Release

Received by email:

File: News Release - Trading Suspension Oct 13 2015.docx

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Trading Symbols
TSXV: AFR
Frankfurt: OWW

AFRICAN METALS CORPORATION
CEASE TRADE ORDER ISSUED BY BC SECURITIES COMMISSION
_________________________________________________
October 13, 2015 - Vancouver, British Columbia, Canada. African Metals Corporation (the "Company") reports that the TS
--->X Venture Exchange has suspended trading in the securities of the Company due to a Cease Trade Order issued by the BC 
--->Securities Commission.
The Company is late filing its year-end audited financial statements.  The preparation of these financial statements i
--->s in progress and it is expected that the submission of the May 31, 2015 year-end audited financial statements should 
--->be filed in the near future.
ON BEHALF OF THE BOARD OF DIRECTORS OF AFRICAN METALS CORPORATION Kenneth B. de Graaf
President and CEO, Director

"Kenneth B. de Graaf"

About African Metals Corporation.
African Metals Corporation [TSXV "AFR"] is a Canadian listed company focused on the discovery and development of coppe
--->r and cobalt deposits in the world renowned Africa Copper Belt in the Democratic Republic of Congo ("DRC").  AFR throu
--->gh its 100% owned Canadian subsidiary, Chevalier Resources Inc. ("Chevalier"), holds a 75% interest in the Congolese s
--->ubsidiary, Luisha Mining Enterprises Sarl ("LME"). LME holds legal title to the 16.2 sq.km. small scale mining licence
--->, PEPM 4881, called the Luisha South Project, located in the Katanga Province of the DRC. 
AFR holds an option to increase its equity interest to 90% in LME, upon a Qualified Person defining a certain minimum 
--->Indicated Resource tonnage for contained copper and cobalt. AFR must also make certain milestone payments in a mixture
---> of cash and shares to reach the milestone of a 90% interest. 
The Luisha South Project is located 75 kilometres northwest of Lubumbashi, the capital of Katanga Province. The Luisha
---> South Project contains an approximately three kilometre strike length of Roan Group sediments which are the hosting e
--->nvironment for Cu-Co mineralization in the DRC and Zambia. The project includes a small historical open pit mine and a
--->n associated low grade copper and cobalt mineralized stockpile. The Luisha South ore body was explored between 1923 an
--->d 1928 and an oxide deposit extracted in the 1940's. 
The results of reverse circulation and core drilling programs at the Luisha South Project in 2010 and 2011 by AFR allo
--->wed estimation of a NI 43-101 compliant Inferred Resource of 14.7 Million tonnes at 1.1% Cu (161,700 tonnes of contain
--->ed copper) and 0.3% Co (44,100 tonnes of contained cobalt) using a 0.5% Cu cut-off.    

The Qualified Person who has reviewed and approved the technical content contained in this release is Dr. Gerald Harpe
--->r, P.Geo.(Ont). 
Neither the TSX Venture Exchange nor its Regulatory Services Provider (as that term is defined in the policies of the 
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
This press release includes certain forward-looking statements concerning the future performance of the Company's busi
--->ness and operations as well as management's objectives, strategies, beliefs and intentions.  Forward-looking statement
--->s are often identifiable by the use of words such as "may", "will", "might", "would", "plan", "believe", "expect", "an
--->ticipate", "intend", "estimate", "scheduled", "forecasts" and similar expressions or variations (including negative va
--->riations) of such words and phrases.  Forward-looking statements are based on the current opinions and expectations of
---> management, and are subject to a number of risks and uncertainties that may cause actual results, performance or achi
--->evements of the Company to be materially different from those currently anticipated by such statements.  Factors that 
--->could cause actual results or events to differ materially from current expectations include, among other things, the p
--->ossibility that future exploration results will not be consistent with the Company's expectations, fluctuating commodi
--->ty prices, delays in commencing the Company's proposed drilling program, exploration costs varying significantly from 
--->estimates, the availability of financing, and other risks identified in the Company's documents filed with the Canadia
--->n securities regulatory authorities at www.sedar.com.  Any forward-looking statement speaks only of the date on which 
--->it is made, and except as may be required by applicable securities laws, the Company disclaims any intent or obligatio
--->n to update any forward-looking statement.  



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