By Richard Connell
New York, Aug. 13 - Kimber Resources Inc. announced that it will take in C$5 million from a non-brokered private placement of units.
The company will sell 4 million units of one share and one half-share non-transferable warrants at C$1.25 per unit. Each warrant will be exercisable at C$1.80 for two years.
Proceeds will be used for further exploration of the company's Monterde, Pericones and Setago properties, advancement of the Carmen deposit at Monterde and for general corporate purposes.
Based in Vancouver, B.C., Kimber Resources is a junior resource company focused on exploration and development projects involving gold and silver in Mexico.
| Issuer: | Kimber Resources Inc.
|
| Issue: | Units of one share and one half-share non-transferable warrant
|
| Amount: | C$5 million
|
| Units: | 4 million
|
| Price: | C$1.25
|
| Warrants: | One half-share non-transferable warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$1.80
|
| Pricing date: | Aug. 13
|
| Agent: | Non-brokered
|
| Stock symbol: | AMEX:KBX, TSX:KBR
|
| Stock price: | C$1.15 at close Aug. 12
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
