Kimber announces public offering of common shares in the U.S.
December 15 2009 - 7:00AM
PR Newswire (US)
VANCOUVER, Dec. 15 /PRNewswire-FirstCall/ -- Kimber Resources Inc.
(NYSE Amex:KBX, TSX:KBR) ("Kimber" or the "Company") is pleased to
announce that it has filed a preliminary prospectus supplement
dated December 15, 2009 (the "Preliminary Prospectus Supplement")
with the United States Securities and Exchange Commission in
respect of an offering of its common shares (the "Offered Shares")
in the United States (the "Offering"). The Preliminary Prospectus
Supplement supplements Kimber's registration statement on Form F-3
(Registration # 333-151417) filed on June 4, 2008, which became
effective on November 18, 2008. Kimber has engaged Scarsdale
Equities LLC to act as sole placement agent in respect of the
Offering, which is being undertaken on a reasonable best efforts
basis. The size of the Offering and the price of the Offered Shares
will be determined in the context of the market prior to the filing
of the final prospectus. Participation in the offering is limited
to residents of the United States. Kimber has also filed a
preliminary short form prospectus with the securities commissions
of British Columbia, Alberta and Ontario in respect of the
distribution of the Offered Shares although no Offered Shares will
be offered or sold in any province or territory of Canada. The
Offering is subject to certain customary terms and conditions,
including regulatory, NYSE Amex and Toronto Stock Exchange
approval. Kimber anticipates applying the net proceeds of the
Offering: - to complete a Preliminary Economic Assessment of the
Carmen and Veta Minitas deposits of the Monterde project; - to
carry out an initial drill program at the Pericones project; - to
carry out a possible drill program at the Monterde project; - to
the further exploration and development of our currently held
properties and potentially the acquisition of new properties; and -
for general corporate purposes. Copies of the Preliminary
Prospectus Supplement and accompanying base prospectus relating to
the offering may be obtained from the Securities and Exchange
Commission website at http://www.sec.gov/., or from the placement
agent at: Attention: Prospectus Department Scarsdale Equities LLC
10 Rockefeller Plaza, Suite 720 New York, New York 10020 Telephone:
646-825-4624 E-mail: This press release does not and shall not
constitute an offer to sell or the solicitation of an offer to buy
any of the securities, nor shall there be any sale of the
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any state or
jurisdiction. About Kimber Kimber is a mineral resource exploration
company that owns mineral concessions in the prospective Sierra
Madre gold-silver belt, including the Company's Monterde property.
In addition, the Company has a 100% interest in the mineral
concessions of its Pericones property. Forward looking statements
This press release may contain or refer to "forward-looking
information" and "forward-looking statements" within the meaning of
applicable United States and Canadian securities laws, which may
include, but is not limited to, statements with respect to the
prospective offering and proceeds from this offering, anticipated
use of proceeds, regulatory approval of our planned offering and
other plans, estimates and expectations. Such forward-looking
statements reflect our current views with respect to future events
and are subject to certain risks, uncertainties and assumptions,
including, without limitation, risks related to the completion of
the offering, availability of financing, use of proceeds and the
risks and uncertainties outlined in our most recent financial
statements and reports and registration statement filed with the
United States Securities and Exchange Commission (the "SEC")
(available at http://www.sec.gov/) and with Canadian securities
administrators (available at http://www.sedar.com/). Should one or
more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those anticipated, believed, estimated or expected.
We do not undertake to update forward-looking statements.
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 in its public disclosure, 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, Email:
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