27 June 2010, Vancouver, British Columbia-Canaf Group Inc. (TSXV: CAF) ("Canaf" or the "Company") is pleased to announce the appointment of Christopher Way as Chief Executive Officer ("CEO") and director, and Zenaida Manalo as Chief Financial Officer.
The Company confirms the resignation of Brian Copsey as Chief Financial Officer and director. Christopher Way, President and CEO stated, "We wish to thank Brian for his contributions to Canaf, and we are all pleased to hear that he is willing to assist us in the future as a consultant to the Company, as we develop our South African operation and asses future exploratory opportunities".
Christopher now holds the position of President, Chief Executive Officer and director of the Company. David Way will remain as a director and Chairman of the board.
Finally, the Company wishes to confirm the audit committee as Kevin Corrigan, David Way and Christopher Way.
Canaf Group Inc. is a junior mining group based in Vancouver, Canada, and with subsidiary offices in the United Kingdom. Canaf owns 100% of Quantum Screening and Crushing (Pty) Ltd., a carbon producing company based in South Africa.
Quantum Screening and Crushing (Pty) Ltd's is one of South Africa's largest producers of calcined anthracite, a product used as a replacement to coke in the manufacturing process of steel and manganese. The company's two largest clients are Mittal Steel and Samancor, world leaders in steel and manganese production respectively. Quantum has an operation in Newcastle, KwaZulu Natal, where its two kilns operate around the clock devolatising the raw material, anthracite. The majority of Quantum's feedstock anthracite is supplied by Springlake Colliery, which has reserves in excess of 25 years and is located in the nearby town of Dundee.
Certain information regarding Canaf contained herein may constitute forward looking statements. Forward looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although Canaf believes that the expectations reflected in such forward looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward looking statements. Canaf is under no obligation to update or alter any forward looking statement. These risks include operational, political, currency and geological risks and the ability of Canaf to raise or obtain funds for its operations. Canaf's forward-looking statements are expressly qualified in their entirety by this cautionary statement.
For further information on Canaf Group, visit www.canafgroup.com or see contacts below.
Canaf Group Inc.
Phone: +44 1273 492100
Fax: +44 1273 492175
You can view the Next News Releases item: July 22, 2011, Canaf negotiates lower debenture and unsecured loan interest rates and commissions new screening and crushing plant
You can view the Previous News Releases item: June 22, 2011, Canaf announces consolidated Q2 financials, new plant acquisition and appointment of new President
You can return to the main News Releases page, or press the Back button on your browser.