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Kobo Resources Elects New Directors and Enhances Strategic Ties in Africa
QUEBEC CITY—Kobo Resources Inc. (TSX.V: KRI) recently concluded its annual shareholders meeting on August 29, 2024, where key decisions regarding the company’s leadership and auditing were made. During the meeting, shareholders successfully elected Edward Gosselin, Paul Sarjeant, Frank Ricciuti, Patrick Gagnon, Jeff Hussey, Brian Scott, and Vivek Dharni to the Board of Directors. Additionally, MNP LLP was appointed as the company’s auditor.
Welcoming New Expertise
Frank Ricciuti, the Chairman of the Board, expressed enthusiasm for the addition of Vivek Dharni to the Board. With over two decades of experience in corporate development and finance, particularly within Africa, Dharni’s strategic insights are expected to bolster the company’s exploration initiatives at the Kossou Gold Project and on the Kotobi Permit. Ricciuti noted that Dharni’s background in mining and resource sectors aligns well with Kobo’s commitment to sustainable growth.
“The alliance with Luso Global Mining and Mota-Engil signifies a major opportunity for Kobos,” Ricciuti added, highlighting the synergy expected from these partnerships. This collaboration is aimed at fulfilling the company’s strategic vision and enhancing shareholder value through shared endeavors across Africa.
Profile of Vivek Dharni
Vivek Dharni brings a wealth of experience as a business leader specializing in corporate finance and development in complex global markets. His career has seen him engaged with notable institutions such as the HDFC Group, Mota-Engil Group, and Rio Tinto. Currently, he serves as Head of Mergers & Acquisitions for Mota-Engil’s operations in Africa and the Middle East. Throughout his professional journey, Dharni has been instrumental in leading significant financial transactions exceeding US$20 billion across multiple continents.
His qualifications include an MBA from IE Business School in Spain, as well as charters from the CFA Institute and the CAIA Association. His leadership style focuses on transformative practices that foster sustainable growth, providing substantial value to stakeholders and communities alike.
Financial Updates
Kobo Resources has also released its unaudited condensed interim consolidated financial statements for the period ending June 30, 2024, along with the associated management discussions. These documents are accessible on both the Company’s SEDAR+ profile and its official website.
About Kobo Resources Inc.
Kobo Resources is dedicated to gold exploration, particularly in Côte d’Ivoire, a region renowned for its rich gold deposits. The company’s flagship Kossou Gold Project is strategically located near major gold mining operations. This project encompasses a 9+ km strike length with promising geochemical anomalies indicating significant gold mineralization potential.
In 2023, Kobo undertook extensive drilling operations, completing approximately 5,900 meters of reverse circulation drilling and 4,368 meters of diamond drilling. The company aims to significantly expand its exploration efforts with an additional 10,000 meters of diamond drilling planned for key targets within the Kossou Gold Project in 2024, alongside exploration initiatives in the Kotobi Permit area.
Kobo is committed to enhancing its exploration activities to establish a robust land position and foster growth within the region. The leadership team’s in-country experience combined with high-quality gold prospects offers an attractive investment opportunity for stakeholders. Kobo’s shares are traded on the TSX Venture Exchange under the ticker symbol “KRI.”
Cautionary Statement on Forward-looking Information:
This report contains forward-looking statements that pertain to the company’s future objectives and performance expectations. Such statements are based on current estimates and expectations but are subject to risks and uncertainties that may lead to actual results differing from those projected. Factors influencing these variations could include general economic conditions, competitive pressures, and potential delays in obtaining necessary approvals.
For further details, please refer to Kobo Resources’ complete filings available through their official channels.
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