Key Developments: Kimber Resources Inc (KBR.TO)

KBR.TO on Toronto Stock Exchange

0.15CAD
13 Jan 2014
Price Change (% chg)

$0.00 (+3.45%)
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Latest Key Developments (Source: Significant Developments)

Kimber Resources Inc completes subsequent acquisition transaction
Wednesday, 8 Jan 2014 01:22pm EST 

Kimber Resources Inc:Says that Invecture Group, S.A. de C.V. has acquired all of the outstanding common shares of Kimber pursuant to the previously announced plan of arrangement.  Full Article

Kimber Resources Inc receives final court order for subsequent acquisition transaction
Tuesday, 7 Jan 2014 06:59pm EST 

Kimber Resources Inc:Says that, further to its press release dated Jan. 6, the Supreme Court of British Columbia has issued a final order approving the plan of arrangement between Kimber and Invecture Group, S.A. de C.V.Says under the terms of the arrangement, Invecture will acquire all of the issued and outstanding common shares of Kimber not already owned by Invecture in consideration for C$0.15 in cash for each common share.Says the arrangement is subject to the satisfaction or waiver of all other conditions of the arrangement.Says the completion of the arrangement is expected to occur on or about Jan. 8, following which the common shares are expected to be de-listed from the Toronto Stock Exchange.  Full Article

Kimber Resources Inc to proceed with subsequent acquisition transaction
Monday, 2 Dec 2013 05:47pm EST 

Kimber Resources Inc:Says it has entered into an arrangement agreement with Invecture Group, S.A. de C.V.Says Invecture has agreed to acquire all of the common shares of Kimber not already owned by Invecture or its affiliates by way of a plan of arrangement.Says Invecture acquired 62,902,631 Common Shares pursuant to its take-over bid offer dated October 10, 2013 at a price of C$0.15 in cash per Common Share.Says together with the 20,000,000 Common Shares owned by Invecture prior to the Offer and an additional 430,239 Common Shares acquired by Invecture, Invecture currently owns a total of 83,332,870 Common Shares, representing approximately 79.59% of the issued and outstanding Common Shares.Says the closing of the Arrangement is expected to take place on or about January 8, 2014.Says the Common Shares will be de-listed from the Toronto Stock Exchange and Kimber will become a wholly-owned subsidiary of Invecture.  Full Article

Kimber Resources Inc Announces Take Up for Shares; Changes To Management
Thursday, 21 Nov 2013 09:21am EST 

Kimber Resources Inc announced Further to the press release dated November 15, 2013, the Company announced that Invecture Group S.A. de C.V. (Invecture) has taken up and paid for 62,902,631 Common Shares that were tendered to the take-over bid offer by Invecture dated October 10, 2013 (the Offer) at a price of Cdn$0.15 in cash per Common Share. As a result of the take up and payment for the Common Shares deposited to the Offer, Invecture now owns 82,902,631 Common Shares, representing approximately 79.2% of the issued and outstanding Common Shares. Invecture intends to acquire the balance of the Common Shares by way of a subsequent acquisition transaction under the procedures available under the Business Corporations Act (British Columbia). Pursuant to the terms of the Offer, Keith Barron, Gordon Cummings and James Puplava have resigned as directors of Kimber and Bryan Nethery, Mark Pearson and John Detmold have been appointed to the board of directors of Kimber. In addition, pursuant to the terms of the Offer, Kimber also announced the resignations of Gordon Cummings as Chief Executive Officer, Lyn Davies as Chief Financial Officer, David Hembree as Vice President, Exploration and Renee Brickner as Vice President, Investor Relations. Bryan Nethery has been appointed as Chief Executive Officer and Mark Pearson has been appointed as Chief Financial Officer of Kimber.  Full Article

Kimber Resources Inc Closes CAD2,000,000 Private Placement With Invecture Group
Thursday, 3 Oct 2013 02:10pm EDT 

Kimber Resources Inc announced the closing of the private placement with Invecture Group, S.A. de C.V. (Invecture) which was announced in its news release of September 25, 2013. The placement consisted of the sale of 20,000,000 common shares of the Company at a price of CAD0.10 per common share for gross proceeds of CAD2,000,000. The proceeds of the placement will be used for working capital and general corporate purposes. The shares issued to Invecture are subject to a hold period in Canada which expires on February 3, 2014.  Full Article

Invecture Group To Make CAD0.15 Per Share Cash Offer For Kimber Resources Inc
Wednesday, 25 Sep 2013 02:18pm EDT 

Invecture Group, S. A. de C. V. and Kimber Resources Inc. jointly announced that the parties have entered into a support agreement, pursuant to which Invecture Group has agreed, to make an offer to acquire all of the outstanding common shares of Kimber for CAD0.15 in cash per share by way of a take-over bid (Offer). The Offer price of CAD0.15 per Kimber common share represents a premium of 67% to the closing price of Kimber common shares on the TSX on September 24, 2013 and 26% to the volume weighted average price of Kimber common shares on the TSX for the 20-day period ended September 24, 2013. The Offer values the Kimber equity at approximately CAD12.7 million on a fully-diluted basis, excluding the 20 million shares to be issued under the Placement. The Support Agreement further provides that Invecture Group will purchase 20,000,000 common shares of Kimber at a price of CAD0.10 per share for gross proceeds of CAD2,000,000. The proceeds of the Placement will be used for working capital and general corporate purposes. The Placement is subject to a number of standard conditions including the approval of the TSX, and is to close as soon as practicable after these conditions have been met, and in any event no later than October 2, 2013. Kimber has engaged Stikeman Elliott LLP as its legal advisor in connection with the Offer. Invecture Group has engaged Blake, Cassels & Graydon LLP as its legal advisor in connection with the Offer.  Full Article

Kimber Resources Inc To Voluntarily De-List From NYSE MKT
Tuesday, 25 Jun 2013 08:52am EDT 

Kimber Resources Inc announced that it has received a letter (the Notice) from the staff of the NYSE MKT LLC (the Exchange) notifying the Company that it is not in compliance with the continued listing requirements set forth in Part 10 of the NYSE MKT Company Guide. The Exchange has given Kimber until July 19, 2013 to submit a plan outlining how it intends to bring itself into compliance with these requirements, and to complete a reverse stock split to increase its share price. Instead, Kimber has decided to submit written notice to the Exchange of its intention to voluntarily delist its common shares from the Exchange. Kimber further intends to file a Form 25 with the Securities Exchange Commission to complete the voluntary delisting of its common shares from the Exchange, which will become effective 10 days after the filing date.  Full Article

Kimber Resources Inc Announces Board Change
Thursday, 18 Apr 2013 08:45am EDT 

Kimber Resources Inc announced the appointment of James J. Puplava, to the position of Chairman of the Board. Mr. Puplava replaces Kimber's Chairman Peter Nixon, who has left the Board together with directors Donald Young, Frederick Graybeal and Tim Haldane.  Full Article

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