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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. 

Company Quote

0.15
0.0050 +3.45%
13 Jan 2014