|By Marketwired .||
|June 9, 2014 03:39 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/09/14 -- Simba Energy Inc. (TSX VENTURE: SMB)(FRANKFURT: GDA)(OTCQX: SMBZF) (the "Company" or "Simba") is pleased to announce a non-brokered private placement for gross proceeds of up to Cdn$3.0 million (the "Private Placement").
The Company is to issue up to 50 million units (the "Units") at a price of Cdn$0.06 per Unit, with each Unit consisting of one (1) common share in the capital of the Corporation and one (1) full share purchase warrant (a "Warrant"). Each Warrant is exercisable for four years to purchase one additional common share at a price of Cdn$0.10 during the first two year period, or at a price Cdn$0.15 for the next two year period. A hold period of four months and one day from date of issue will apply to all securities issued pursuant to the Private Placement.
Net proceeds from the Private Placement will be used towards funding and exploration commitments associated with the Company's Production Sharing Contracts in Kenya, retirement of certain debt and general working capital purposes.
The offering is available to residents of Canada, the United States and the United Kingdom pursuant to available prospectus and registration exemptions.
A finder's fee of 7% cash and 7% share purchase warrants ("Finder's Warrants") will be paid and issued in respect of a portion of the gross proceeds raised from the Private Placement. Each Finder's Warrant will entitle the finder to purchase one common share of the Company at a price of Cdn$0.10 for a period of two years from closing.
About Simba Energy: Simba Energy Inc. is establishing itself as a diversified international explorer and developer with a growing oil and gas acreage position in Africa, with onshore Production Sharing Contracts in Kenya, Guinea and Chad.
ON BEHALF OF THE BOARD
Robert Dinning, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Simba Energy Inc.
Toll Free: 1-855-777-4622
Addteq is one of the top 10 Platinum Atlassian Experts who specialize in DevOps, custom and continuous integration, automation, plugin development, and consulting for midsize and global firms. Addteq firmly believes that automation is essential for successful software releases. Addteq centers its products and services around this fundamentally unique approach to delivering complete software release management solutions. With a combination of Addteq's services and our extensive list of partners,...
Feb. 27, 2017 12:00 PM EST Reads: 1,188
While not quite mainstream yet, WebRTC is starting to gain ground with Carriers, Enterprises and Independent Software Vendors (ISV’s) alike. WebRTC makes it easy for developers to add audio and video communications into their applications by using Web browsers as their platform. But like any market, every customer engagement has unique requirements, as well as constraints. And of course, one size does not fit all. In her session at WebRTC Summit, Dr. Natasha Tamaskar, Vice President, Head of C...
Feb. 27, 2017 11:45 AM EST Reads: 7,133
SYS-CON Events announced today that Outlyer, a monitoring service for DevOps and operations teams, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Outlyer is a monitoring service for DevOps and Operations teams running Cloud, SaaS, Microservices and IoT deployments. Designed for today's dynamic environments that need beyond cloud-scale monitoring, we make monitoring effortless so you...
Feb. 27, 2017 11:45 AM EST Reads: 2,508
Feb. 27, 2017 11:45 AM EST Reads: 239
Cloud Expo, Inc. has announced today that Andi Mann and Aruna Ravichandran have been named Co-Chairs of @DevOpsSummit at Cloud Expo 2017. The @DevOpsSummit at Cloud Expo New York will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and @DevOpsSummit at Cloud Expo Silicon Valley will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Feb. 27, 2017 11:30 AM EST Reads: 2,512
Feb. 27, 2017 11:15 AM EST Reads: 2,815
Feb. 27, 2017 11:15 AM EST Reads: 383
Feb. 27, 2017 11:00 AM EST Reads: 4,206
Feb. 27, 2017 11:00 AM EST Reads: 1,897
Feb. 27, 2017 10:45 AM EST Reads: 1,991
Feb. 27, 2017 10:30 AM EST Reads: 347
Feb. 27, 2017 10:00 AM EST Reads: 6,237
Feb. 27, 2017 10:00 AM EST Reads: 7,994
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his general session at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore...
Feb. 27, 2017 09:45 AM EST Reads: 1,860
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his Day 2 Keynote at @ThingsExpo, Henrik Kenani Dahlgren, Portfolio Marketing Manager at Ericsson, discussed how to plan to cooperate, partner, and form lasting all-star teams to change the...
Feb. 27, 2017 09:30 AM EST Reads: 5,579