VANCOUVER, Aug. 13 /CNW/ - Kimber Resources Inc. (AMEX: KBX, TSX:KBR)
Kimber Resources Inc. ("Kimber") announced today that its Board of
Directors has initiated a process to explore various strategic and financial
alternatives. This process may include, but is not limited to, the review of
potential strategic partnerships, joint ventures, business combinations, or
the potential sale of the company.
Blackmont Capital Inc. ("BCI") has been engaged as the exclusive
financial advisor to assist Kimber and its Board of Directors in the
evaluation of strategic and financial alternatives.
Kimber Resources Inc. holds a 100% interest in the Monterde and Setago
properties located in the Sierra Madre of northern Mexico as well as the 6300
hectare Pericones silver property, which is located about 100 kilometres
southwest of Mexico City in Estado de Mexico. All projects are free of
royalties. On the Monterde property, the Company has two immediate objectives:
to find and develop additional mineral resources & to advance the Carmen
deposit to pre-feasibility. The Carmen deposit, an underground mine in the
1930's, is a typical low sulphidation epithermal system, is oxidized and hosts
the majority of the resources on Monterde. In addition to the Carmen deposit,
two other deposits (Carotare and Veta Minitas) contain resources.
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.
For further information:
For further information: Robert Longe, P.Eng, President and CEO, Kimber
Resources Inc., North America Toll Free: 1-866-824-1100, Tel: (604) 669-2251,
Fax: (604) 669-8577, Website: http://www.kimberresources.com, Email:
firstname.lastname@example.org; Jamie Boyden, Vice-President, Investment Banking,
Blackmont Capital Inc., Tel: (416) 864-2085, Fax: (416) 864-9151