AJN Resources (Klaus Eckof)
03/11/2022
State Endorses New Licence Applications by Congo Ressources SAU according to the MOU signed with Democratic Republic of the Congo Vancouver, BC, November 1, 2022: AJN Resources Inc. (CSE: AJN) (Frankfurt: 5AT) (“AJN” or the “Company”) is pleased to announce that further to the Company’s news releases of February 8th and April 19th, 2022, and pursuant to the Memorandum of Understanding (the “MoU”) between the Company and the Government of the Democratic Republic of the Congo (“DRC” or the “State”) announced on February 8th, 2022, which was endorsed by the State as announced on April 19th, 2022, the State has now authorized the Cadastre Minier RDC (DRC Mining Register) (“CAMI”) to accept 22 new applications for exploration permits, which cover 6,278 Mining Squares or 5,398km2 in the eastern DRC, from the newly created, State wholly- owned subsidiary, Congo Ressources SAU. Twenty-one of these applications are prospective for gold in the Kilo-Moto Belt and one permit, which is prospective for lithium, is located in the Manono area. See figures 1 and 2 below. Application will be made according to procedures prescribed by the Mining Code and Regulations of the Democratic Republic of Congo (“DRC”).
The portfolio is two-fold in that the first part consists of several highly prospective gold licences located within the Wanga, Rambi, Gada and Nizi project areas and a further 10 prospective exploration licences are in the Kilo-Moto Belt. The second part is aimed at satisfying the State’s objective of creating a supply chain of minerals to support the electric vehicle sector. The State has therefore agreed to support the granting of a lithium licence, which covers part of the Manono pegmatite, to Congo Ressources SAU. Additional coordination measures will be undertaken by the State in the coming weeks to ensure the smooth granting of the lithium licence.
Congo Ressources SAU, which has now been fully incorporated, has commenced with the application processes. All licences will have new numbers and will be granted as research permits.
It is the intention of the parties that once all licences are granted the proposed transaction will close and (1) Congo Ressources SAU will hold a 100% direct interest in the secured licences and become a wholly owned subsidiary of AJN, and (2) AJN will issue, to the State, that number of common shares in the capital of AJN so that after closing the State will hold sixty percent (60%) of the fully-diluted issued and outstanding common shares of AJN, whereby the calculation of the sixty percent (60%) is to be made immediately after the closing, not immediately prior to the closing as reported in the Company’s February 8, 2022 news release. The issuance of common shares to the State will occur following completion of one or more financings to be conducted in connection with the proposed transaction. The quantum of the capital raise will be assessed during the due diligence period.
Shares issued to the State pursuant to the proposed transaction may be subject to regulatory escrow requirements as imposed by Canadian regulatory authorities. After the closing of the proposed transaction the State will have a first right of refusal on any fund raisings carried out by AJN in the future.
On closing of the proposed transaction, the Board of Directors of AJN will be comprised of five directors, two of whom will be directors appointed by the State (one of whom will be Deputy Chairman) and three will be current directors of AJN (one of whom will be Chairman). Closing of the transaction will be subject to legal and technical due diligence, and certain conditions precedent including AJN having obtained all necessary governmental and regulatory approvals and confirmation from all relevant government agencies that all outstanding legal charges, royalties, and taxes have been paid.
A 10% finder’s fee is payable at the close of the transaction and the acquisition of the projects, which will be settled by the issuance of AJN common shares to Klaus Eckhof, CEO and President of AJN or his permitted nominees.
Mr. Klaus Eckhof, CEO and President of AJN commented, “We are extremely excited about the opportunity of working together with the State in developing this highly prospective portfolio of gold exploration assets and the lithium asset at Manono. The State recognises that although the projects have been under government control since the end of colonialism, very little systematic exploration has been carried out on the majority of these projects. We believe that with our management’s track record in the DRC, and the strong support that we have from the State, we will be able to deliver on the portfolio of gold projects and the lithium asset at Manono, which underpin the making of a significant new mineral resource player in DRC. We strongly believe that all parties will benefit from a transaction of this type in which the State will have majority ownership of a public company and will benefit in full transparency from its successes. We are confident that our exploration success will profit not only the State but also will be a key driver in alleviating poverty and social conditions in the areas through improvements of the infrastructure and local job creation.”
Figure 1: Portfolio of Gold Licences included in the Partnership Agreement with the Democratic Republic of Congo. Note: All application areas are new applications and licence numbers will be awarded once granted.
Figure 2: District Geology and Lithium Licence Application within the Manono Project Area. Note the licence is a new application and a new number will be awarded once granted.
QP Statement
Dr Deon Vermaakt is a Consultant of AJN Resources Inc. and qualified geologist, and is a registered Professional Natural Scientist (Geological Science) with the South African Council for Natural Scientific Professions (SACNASP Reg. No. 400020/00). Dr Vermaakt is a qualified person (QP) under NI 43-101 and has reviewed and approved the scientific and technical information contained in this news release.
About AJN Resources Inc.
AJN is a junior exploration company. AJN’s management and directors possess over 75 years of collective industry experience and have been very successful in the areas of exploration, financing and developing major mines throughout the world, with a focus on Africa, especially the Democratic Republic of the Congo.
For further information, please contact Investor Relations:
Sheena Eckhof
Director, Investor Relations
sheena@eckhofconsulting.com
Visit us at
www.ajnresources.com Tel: +44 7496 291547
On Behalf of the Board of Directors
Klaus Eckhof
CEO and President
klauseckhof@monaco.mc
Cautionary Note Regarding Forward-Looking Statements: The information in this news release may include certain information and statements about management’s view of future events, expectations, plans and prospects that may constitute forward-looking statements. Forward-looking statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Although AJN Resources Inc. believes that the expectations reflected in forward- looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, AJN Resources Inc. disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
I fully agree with you Chilla that Nigel should get rid of his AJN shares to sincerely show his heart is with AVZ. Trust is important. I was at the Perth RS and came back with lots of doubts on CDL. Nigel did say (from memory) that AVZ will give up the northern part if the government asks for...
thestockexchange.com.au
From @JAG
[SIZE=17px]JAG[/SIZE]
Complaint against AJN
https://touspourlardc.org/complaint-against-ajn/
A
. Introduction
- We write to you in your capacities as the competent Canadian stock exchange authorities in connection with your responsibility for exercising market surveillance and participant discipline and enforcing regulatory compliance with respect to deceptive and unscrupulous market behaviour by AJN Resources Inc. (CSE AJN) (“AJN”).
- The Complainants are Non-Governmental Organisations and Platforms established in the Democratic Republic of Congo (“DRC”) and whose objectives are, amongst other things, to raise awareness and combat human rights abuses, violations of laws and regulations, fraudulent and dishonest practices and corruption in several sectors of activity including the mining industry in the DRC. The identity and contact details of the Complainants are provided in Appendix A.
B. Facts
- On the Home page of its website https://ajnresources.com/, AJN states that it is a junior exploration and development company formed for the purposes of acquiring, exploring and if warranted and feasible, developing resource properties.
- Between January 18 and April 15, 2020, AJN issued a stream of news releases regarding (a) its purported right to acquire indirect 30-35% free carried interests on 13 mining licences covering 3,801km2 in the DRC, and (b) the resources allegedly contained in the mineral projects it is seeking to acquire in the DRC.
- On January 18, 2020, AJN issued another news release announcing that AJN signed a Memorandum of Understanding (MoU) with Société Minière de Kilo-Moto SA (“SOKIMO”), whereby SOKIMO proposes to obtain from AJN the conversion of its rights to a direct participation in various gold licences held by SOKIMO into shares in AJN. The said gold licences are located within the Kilo-Moto gold province in the north-east of the DRC. AJN further stated that it intends to raise a minimum of $CDN 20,000,000 via the issuance of securities in the capital of AJN and AJN can secure the direct participation rights in these gold projects held by SOKIMO in consideration of AJN issuing common shares equal to sixty percent (60%) of the issued and outstanding shares of AJN post-financing. AJN further claimed, but without providing any evidence, that the transaction is an arm’s length transaction. On completion of the financing and satisfaction of all conditions, AJN and SOKIMO will conclude a legal and technical due diligence within 90 days of signing of the MOU prior to obtaining all regulatory approvals (including approvals from the Canadian Securities Exchange “CSE”) and execution of a final agreement before closing. The “finders of the projects” will be entitled to a 10% “finders’ fee” payable at the close of the transaction on the acquisition of the Projects, which will be settled by the issuance of AJN common shares payable as follows: 6.5% of the “finder’s fee” will be paid to Dathomir Mining Resources SARL, a DRC private entity with suspicious political connections, and 3.5% will be paid to Klaus Eckhof, CEO, President and a Director of AJN. Prior to the closing of the transaction, AJN intends to conduct an interim financing to raise up to $2.0 million at $0.40 per share for general working capital. AJN also announced in this context its plan for a convertible debenture financing to raise up to $1,200,000. These figures appear to be absolutely ridiculous considering the mineral resources allegedly being acquired by AJN. The 90-day due diligence period provided under the Memorandum of Understanding normally expired on April 17, 2020.
- On March 3, 2020, AJN issued a second news release, without being mandated to do so, titled “Official communication from the Democratic Republic of Congo Minister of Portfolio”, announcing that the DRC Minister of Portfolio, The Honourable, Professor Clément Kuete Nyimi Bemuna, has officially verified their Memorandum of Understanding with SOKIMO and the Minister of Portfolio has stated that his supervision and support is based on objective assessments and is in accordance with the vision of the President of the DRC, His Excellency, Mr. Félix Antoine Tshisekedi Tshilombo whereby SOKIMO, a commercial company, is free to reflect on any economic model that can ensure its survival and development through dividend access. It should be noted that SOKIMO is actually a 100% state-owned company.
- On April 14, 2020, AJN issued a news release touting the magnitude of the mineral resources allegedly contained in the projects covered by the Memorandum of Understanding signed with SOKIMO under the heading “AJN Resources Inc. Announces Defined Historic Mineral Resources of More Than 6 Million Ounces of Gold and Update on the North Congolese Gold Project”.
- On April 15, 2020, as a result of a review of AJN’s news release dated April 14, 2020 by the Investment Industry Regulatory Organization of Canada (IIROC), AJN issued a corrective notice changing the headline of the April 14, 2020 news release to “AJN Resources Inc. Announces Update on the North Congolese Gold Project”.
- Illegal, manipulative, deceptive and corrupt activities by AJN.
- As noted above, this complaint is filed by the Complainants to help the competent Canadian securities authorities to detect, disrupt, and deter securities gross misconduct by AJN.
- The Complainants believe that AJN deliberately engaged in illegal, deceptive and corrupt activities in connection with the representations made on the transaction with SOKIMO, their purported right to acquire indirect 30-35% free carried interests on 13 mining licences in the DRC and the resources allegedly contained in the relevant mineral projects. We provide below the reasons for our contention.
- AJN has not acquired any enforceable right whatsoever under the Memorandum of Understanding dated January 18, 2020 entered into with SOKIMO which would have justified its various news releases.
- It is puzzling and highly suspicious to note that in its news release dated January 18, 2020, AJN claimed that SOKIMO “proposed” to obtain from AJN the conversion of its rights to a direct participation in various gold licences held by SOKIMO into shares in AJN and, at the same time, announced that the so-called “finders of the projects” will be paid a 10% “finders’ fee” at the close of the transaction. If such proposal has been made directly to AJN, it is unclear why commissions would be payable to certain individuals, including the President and Director of AJN and a third-party company, Dathomir Mining Resources LLC.
- AJN lacks the necessary financial resources to carry out large-scale projects comprised of the 13 mining licences covering 3,801km2. AJN is not a company with mining experience. Currently, AJN does not own any mining asset other than an option right to acquire an exploration-based lithium mine of the Salt Wells, Nevada, from Great Basin Oil LLC. AJN has not developed any gold or other mineral deposit in the past. Nowhere on AJN’s website is it mentioned that the company has already carried out a single mining operation, except for drilling its first drill hole at the Salt Wells lithium project referred to above, as announced in its news release dated August 21, 2019.
- According to Article 182 of Law No. 007/2002 of July 11, 2012 as amended and supplemented by Law No. 18/001 of March 9, 2018 relating to the mining code (the “DRC Mining Code”), when a “State portfolio company contributes a mineral deposit, either to an existing company or in view of the establishment of a new company, the equity interest of such company to the existing company or the company to be established is set according to the actual value of the mining deposit being contributed…”.
- The relevant mining licenses being exploitation permits, AJN is required to demonstrate, in accordance with Article 71-b of the DRC Mining Code, the existence of the required financial resources, including source of finance, to successfully develop the projects according to a financing plan for the development of each mine, construction and exploitation works as well as the rehabilitation plan for the sites upon closure. Moreover, the shareholders of AJN will be required to provide equity financing which cannot be less than 40% of the project finance.
- AJN has violated the information rules applicable to companies listed on the Canadian Securities Exchange while reporting results without any valid technical basis. Indeed, AJN has not conducted and financed any technical study or any relevant technical due diligence in respect of the 13 mining licences and is using misleading technical data of dubious validity gathered here and there with a view to induce the subscription, sale or purchase of its shares by investors.
- AJN also allegedly plans to use a nominee company to justify a grotesque financial scheme, which is akin to money laundering.
- Suspicion of corruption would weigh on the Memorandum of Understanding dated January 18, 2020 entered into with SOKIMO to acquire all of SOKIMO’s interests in the mining projects referred to above. Knowing the operating procedures of certain operators and agents involved in this transaction, the Complainants believe, based on information received from reliable sources, that AJN officers and certain other affiliated people would have promised undue and illegal benefits to SOKIMO officers as soon as the mobilization of funds from the Canadian Securities Exchange is effective.
- In light of the foregoing, the Complainants believe that the reported actions constitute a scam and a serious violation of the relevant provisions of both the CSE Trading Rules and the Universal Market Integrity Rules, of the Investment Industry Regulatory Organization of Canada (IIROC).
- To prevent the completion of this mafia-like transaction that could cause serious harm to both investors and the Congolese people, the Complainants urge the regulatory body to not give its approval to AJN in relation to this transaction without first conducting a thorough investigation and inquiry into the conduct, business and affairs of AJN as they relate to the transaction being negotiated by AJN with SOKIMO and to take, if warranted criminal, civil action or any other relevant sanction.
Dated: April 30, 2020
Respectfully submitted,
The Complainants listed below.
Appendix A
Names and contact details of the signatory organizations and platforms
N° | Names | Organizations | Contacts |
1. | Ernest MPARARO | LICOCO | +243816049837 |
2. | Franck FWAMBA | TOUCHE PAS A MON COBALT | +243810348785 |
3. | Henri MUHIYA | CERN/CENCO | +243810526141 |
4. | King MUSHILANAMA | HDH | +243997013407 |
5. | Timothée MBUYA | JUSTICIA | +243994075131 |
6. | Jeef KAZADI | PRESS-CLUB RDC | +243810241942 |
7. | René NGONGO | OCEAN | +243998334500 |
8. | Schadrack MUKAD | COORDINATION CADRE DE CONCERTATION DE LA SOCIETE CIVILE DU LUALABA | +243815388040 |
9. | | CASMIA | +243992520444 |
10. | | LINAPEDHO | +243819842267 |
11 | Mike LAMEKI | ESPOIR ONG | +243978646773 |
12. | Georges BOKUNDU | SARW | +243817070127 |
13. | Devoe NGOY | RND ASBL | +243816092845 |
14. | Jean-Luc KAYOKO | PODEFIP | +243815888985 |
15. | Antoine MUNGU ETSONI | SOCIETE CIVILE FORCES VICES DE WATSA | +243813611733 |
16 | Jean-Cephas GOMISAME | CORDINATION TERRITORIALE DE LA NOUVELLE SOCIETE CIVILE DE WATSA | +243823480365 |
17. | Dieumerci THUAMBE ADUBANGO | SECRETARIAT NATIONAL DU RESEAU DE COMMUNICATEURS DES RESSOURCES NATURELLES | +243817417307 |
Media Contacts :
– Ernest MPARARO, Email :
licocordc@gmail.com
– Dieumerci THUAMBE ADUBANGO, Email :
dieumercilapresse@gmail.com
– Franck FWAMBA, Email :
pressclub.rdc@gmail.com
– Antoine MUNGU, Email :
antoinemunguetsoni@gmail.com
– Henri MUHIYA, Email :
hmuhiya@gmail.com
– Georges BOKUNDU, Email :
GeorgesM@sarwatch.org
Adresses :
– N° 14, Av Lwango, Quartier 1, Ndjili, Kinshasa, RD Congo.
– N° 129, Av Kasaï, Lubumbashi, Haut-Katanga, RD Congo.
– N° 4, Av de la Justice, Quartier Bankoko, Commune Mbunya, Bunia, Ituri, RD Congo.
– N° 2, Rue Planteki, Bld Lumumba, Commune Kibali, Watsa, Haut-Uélé, RD Congo.
– Bureau de la Société Civile, Immeuble John Namate, Quartier 75, Commune Mongali/Durba,
Haut-Uélé RD Congo.
– Bureau de l’ONG SAIPED (non loin de la Radio Rhinocéros), Quartier Farange, Cité de Faradje,
Haut-Uélé, RD Congo.
– N° 533, Route Likasi, Q/Joli Site, Commune de Manika, Kolwezi, Lualaba, RD Congo.
AJN Resources (Klaus Eckof)
30/11/3022
Vancouver, British Columbia--(Newsfile Corp. - November 30, 2022) - AJN Resources Inc. (CSE: AJN) (FSE: 5AT) ("AJN" or the...
www.newsfilecorp.com
07/12/2023
The following posted by JAG…. I think related to what Der Goose posted on twitter:
Dathcom have not relinquished any part of PR13359."
The Manono mine is known for being a world-class lithium project. At its Annual General Meeting on November 17, 2022, AVZ Minerals promised that it would certainly be able to obtain PE13359 (operating license) before the end of November 2022.
"Mining Entrepreneur or Capital Manipulator?"
AJN Resources Inc. is actually a
CANADIANcompany and its Managing Director,
Klaus Peter Eckhof, is not only the President and
CEO of AJNwith a 3.69% stake, but also
the former President and CEO of AVZ Minerals andManaging Director of TTX (Tantalex Lithium Resources).
The most interesting thing is that the great
Nigel Munro Fergusonis not only the Managing Director of AVZ Minerals, but also the fifth largest shareholder with a
1.45% stake in AVZ Minerals and the second largest shareholder with a 9.65% stake inAJN Resources!
"The multiple identities of Klaus and Nigel, the real relationship between AVZ and AJN?"
In April 2022, Klaus and Nigel visited Germany, and then Klaus confirmed that AJN would be awarded the Manono mining right in November this year, while on May 4, 2022, in the DRC, AVZ gave up 81 squares northeast of the Manono project, and four days later, on May 8, AVZ CEO Nigel Ferguson has resigned as a director of AJN. Is this a coincidence?
The shareholders and holders of AVZ and Dathcom suffer from AVZ's renunciation of 81 squares, but Mr. Nigel, as a shareholder of AJN, is the BENEFICIARY?
Obviously, there is a link between AVZ and AJN, a link between Klaus and Nigel. Australia and the DRC are taken for fools. Have Australian and Canadian stock exchanges received genuine disclosure documents for listed companies? Are the interests of shareholders and unitholders well protected?
It is understood that the DRC government refused to grant an operating license to Dathcom, led by AVZ, due to numerous violations, resulting in the suspension of AVZ's negotiation for more than seven months. According to ASX regulations, a suspension of more than 18 months will result in a mandatory delisting.
"If it's insider trading?"
According to an anonymous source:
08/02/2022 : AJN announced that the old Sokimo JV will be replaced by a new one
- JV with the government of the DRC known asCongo Resources SAU. JV will be composed of 60% DRC government and 40% AJN.
- 19/04/2022: AJN announced the official signing of a JV Memorandum of Understanding with the DRC government forCongo Resources SAU.
- Mid-/04/2022: Nigel traveled to Germany and met with Axino Capital as Managing Director of AVZ and Director of AJN at that time.
- 04/05/2022: AVZannounced the signingof the EP decreeby the DRC Ministry of Mines, but renounced81squaresin the northeast.
- 08/05/2022:NigelhasresignedfromAJN's Board of Directors (but still the second largest shareholder).
- 09/05/2022:AVZ trading stops
- 11/05/2022: Suspensionof AVZ trading
- End/11/2022:Klaus wentto Germany and metwithAxino Capital, sayingthat"AVZ gaveuphalf of Manono in mid-April and that we will transferc Manono's titles in our JV with the DRC. the Manono tenements will be transferred without problem in our JV with the DRC on which we have been working since February 6, 2020.... but the JV changed on February 8, 2022 and we included a lithium project at Manono in the JV on April 19, 2022 and we will get the smooth transfer into the JV in November 2022. »
- 01/11/2022: AJN has announced that a northern part of Manono of PR13359 will be transferred to Congo Resources in the coming weeks.
- 17/11/2022: AVZ holds its annual general meeting, Nigel denies that AJN will get Manono's surrendered mining rights.
- 01/12/2022: AJN has made an announcement unofficially.
- 05/12/2022: AVZ remains suspended without a PE.
Also this by this very sus media platform
07/12/2022
La société canadienne AJN RESOURCES INC du sulfureux homme d’affaires allemand Peter Klaus Eckhof a annoncé le 1er décembre 2022 dans un communiqué avoir acquis, via sa filiale CONGO RESOURCES SAU (CRS), 81 carrés miniers de la prometteuse mine de lithium de Manono dans la province du Tanganyka...
7sur7.cd
DRC - Manono lithium mine: AJN, AVZ and TTX, incestuous financial ties in violation of stock market laws? (Grandstand)
The Canadian company AJN RESOURCES INC of the sulphurous German businessman Peter Klaus Eckhof announced on December 1, 2022 in a press release that it had acquired, via its subsidiary CONGO RESOURCES SAU (CRS), 81 mining squares of the promising Manono lithium mine in the province of Tanganyka in the DRC.
How could he have acquired these squares so easily?
In fact, the boss of AJN RESSOURCES INC (Peter Klaus) was the former boss of AVZ MINERALS which owns shares through DATHCOM, in the Manono lithium mine. Peter Klaus is also the boss of TANTALEX LITHIUM RESOURCES (TTX), another company that also wants to exploit Manono's lithium. The fact that Peter Klaus has links with his 3 exploration and mining companies gives him access to confidential information that other investors do not. And that can lead to insider trading.
Indeed, the current boss of AVZ Nigel Munro holds 9.65% of the shares of AJN RESOURCES. This makes him the second largest shareholder before Klaus who has 3.69% of the shares.
It was after a meeting in April 2022 in Germany between the two businessmen that AJN RESOURCES acquired 81 mining squares resulting from the renunciation by AVZ of part of its mining portfolio. This "assignment-waiver" was immediately followed by the resignation of Nigel Ferguson as administrator at AJN RESOURCES. As director and second shareholder of AJN RESSOURCES, Nigel Ferguson is himself the beneficiary of this sale to the detriment of the holders of AVZ MINERALS shares.
The bond between Nigel and Klaus is visible as a nose in the face. Only the DRC and the holders of AVZ and AJN shares are the turkeys of the farce of this deal. Have the Australian and Canadian stock exchanges really received all the documents on this incestuous transaction?
It is up to these two financial policemen to protect small investors against possible insider trading by certain investors.
For the moment, the DRC has not yet issued an operating permit to DATHCOM/AVZ due to violations of the law. Negotiations have been floundering for 7 months. However, under Australian Stock Exchange regulations, a stalemate in trading for more than 18 months results in delisting.
As a reminder, several civil society organizations consider AJRN as a speculator in natural resources without the capacity to develop a world-class mine.
Civil society had already opposed in November 2019 the sale by SOKIMO of its 10% in KIBALI for the modest sum of 20 million against assets of 150 thousand ounces (10% of the 1.5 million ounces of reserves of ounces).
Christian Kakule
Additional Information
congo environment and mining ajn