Kimber Resources plans private placements of stock

By Sheri Kasprzak

New York, Jan. 31 - Kimber Resources Inc. said it intends to conduct two private placements.

One offering will be brokered and the other non-brokered.

Though the terms of the private placements have not yet been determined, the company intends to sell up to 9.4 million shares.

Proceeds will be used for exploration and development on the company's Carmen and Carotare deposits and for general corporate purposes.

Based in Vancouver, B.C., Kimber is a mineral exploration company.

The company's stock closed down C$0.10 to end at C$2.30 Tuesday (Toronto: KBR).

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