Kimber's F-3 shelf registration statement becomes effective for future financings in the United States
28 November 2008 - 1:00AM
PR Newswire (US)
VANCOUVER, Nov. 27 /PRNewswire-FirstCall/ -- Kimber Resources Inc.
(NYSE Alternext:KBX, TSX:KBR) received confirmation from the United
States Securities and Exchange Commission that the registration
statement on Form F-3, previously filed in June 2008, has become
effective as of November 18, 2008. This effective registration
statement allows the Company to make public offerings of the
Company's common shares up to an aggregate offering price of
US$20million in the United States for an indefinite period as long
as the registration statement remains effective. Equity securities
may be offered in amounts, at prices and on terms to be determined
based on market conditions at the time of sale and set forth in an
accompanying shelf registration supplement. The net proceeds from
the sale of any offered equity securities would be used for
exploration of the Company's Monterde, Pericones and Setago
properties, advancement of the Carmen deposit, and for general
corporate purposes, including financing potential future
acquisitions and capital expenditures. This news release shall not
constitute an offer to sell or the solicitation of an offer to buy
any securities, nor shall there be any sale of the equity
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state or
jurisdiction. Having completed a financing for C$5.0 million in
September 24, 2008, Kimber's management believes it is sufficiently
financed to carry out its current plans for the next year and has
no immediate plans to undertake a financing. As of November 26,
2008 cash and cash equivalents and working capital are each
estimated to be C$6.35 million, with 94% of cash and cash
equivalents invested in Canadian Government Treasury bills with a
maturity of less than 60 days. About Kimber Kimber owns mineral
concessions covering in excess of 39,000 hectares in the
prospective Sierra Madre gold-silver belt, including the Company's
Monterde property, where three gold-silver mineral resources have
already been defined. The most advanced of these, the Carmen
deposit, has been extensively drilled and is currently undergoing
detailed geologic modeling in order to evaluate the potential for a
combined open pit and underground mining operation based on current
resources. In addition, the Company has a 100% interest in the
mineral concessions of its Pericones property, an 11,890 hectare
property targeted for silver, located approximately 100 kilometres
southwest of Mexico City. Statements in this release may be viewed
as forward-looking statements. Such statements involve risks and
uncertainties that could cause actual results to differ materially
from those projected. There are no assurances the Company can
fulfil such forward-looking statements and the Company undertakes
no obligation to update such statements. Such forward-looking
statements are only predictions; actual events or results may
differ materially as a result of risks facing the Company, some of
which are beyond the Company's control. Cautionary Note to U.S.
Investors - The United States Securities and Exchange Commission
permits U.S. mining companies, in their filings with the SEC, to
disclose only those mineral deposits that a company can
economically and legally extract or produce. Kimber Resources uses
certain terms on its website (and certain press releases), such as
"measured," "indicated," and "inferred," "resources," which the SEC
guidelines strictly prohibit U.S. registered companies from
including in their filings with the SEC. U.S.Investors are urged to
consider closely the disclosure in our Form 20-F which may be
secured from us, or from the SEC's website at
http://www.sec.gov/edgar.shtml. DATASOURCE: Kimber Resources Inc.
CONTACT: Matthew Hamilton, Manager of Investor Relations or Gordon
Cummings CA, President and CEO, North America Toll Free:
1-866-824-1100, Tel: (604) 669-2251, Fax: (604) 669-8577, Website:
http://www.kimberresources.com/, Email:
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