Kimber Resources To Offer 3.783 Million Common Shares
February 5, 2010 (FinancialWire) — Kimber Resources Inc. (AMEX: KBX) (TSX: KBR) said it has engaged Scarsdale Equities LLC as placement agent for an offering of 3.783 million common shares at a price of $1.00 per common share in a registered direct offering.
The offering is scheduled close on February 9, 2010 or shortly thereafter.
In addition, Kimber has granted Scarsdale the exclusive right to place in the aggregate up to a further 15% of the Offered Shares, being 567,450 common shares of the company under the same terms and conditions as the offered shares, for a period of thirty calendar days from the date of the final prospectus supplement filed in connection with the offering.
Canada-based Kimber owns mineral concessions in the prospective Sierra Madre gold-silver belt, including the company’s Monterde property. In addition, it has a 100% interest in the mineral concessions of its Pericones property.
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