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Africa, land of mystery

As it’s a slow news day, so far at least, we jump across the Atlantic just for a change (good as a rest they say) and  here are a couple of NRs for your consideration. First this one, dated Feb 13th:

Ethiopian Potash Corp. VP Exploration resigns

TORONTO, Feb. 13, 2012 /CNW/ – Mr. Bruce Cumming advises that he resigned from his position as VP Exploration of Ethiopian Potash Corp. (TSXV: FED) on January 29, 2012 with immediate effect as of such date. Mr. Cummings initially resigned from Ethiopian Potash Corp. on August 19, 2011, however, this resignation was not formally accepted by the Board of  Ethiopian Potash Corp. until January 29, 2012. In connection with the resignation Ethiopian Potash Corp. undertook to remove Mr. Cumming‘s name from its website by not later than February 3, 2012. Mr Cumming remains a director of G&B Central African Resources Ltd. G&B Central African Resources Ltd. owns the potash permits in Ethiopia and is the company that granted Ethiopian Potash Corp. the option to acquire an interest in such potash permits.
For further information: Bruce Cumming
bruce (AT) regentresources.co.za

+27 (0)82 850 3189

Now this one, dated Feb 14th (and it seems Valentine is not in the air here):
TORONTO, ONTARIO–(Marketwire -02/14/12)- Ethiopian Potash Corp. (TSX-V: FED.V – News)(TSX-V: FED.WT) (“EPC” or the “Company”) wishes to clarify an unauthorized press release issued February 13th (yesterday) by a former employee of the Company.

EPC has been made aware that a former employee of EPC has issued a press release naming the Company and announcing his resignation to the public. This press release issued over Canada Newswire was widely disseminated to investors, given the unauthorized use of EPC’s name in the subject line.
The Company wishes to confirm the employee’s resignation as a non-material event regarding a non-senior employee and, further, is puzzled by the unauthorized use of EPC’s name on his behalf. The Company confirms that all claims and licenses continue to be in good standing, and that the Company continues with its successful drilling campaign, and will release results to the public as soon as they become available.
EPC is aware that the press release itself as well as its content may have caused confusion amongst its investors and is investigating how an unauthorized non-material press release was issued and widely distributed without the consent of the Company.

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