VANCOUVER, Aug. 13 /PRNewswire-FirstCall/ -- Kimber Resources Inc. (AMEX:KBXAMEX: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.
Cautionary Statement 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.
CONTACT: 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: ; Jamie Boyden, Vice-President, Investment Banking, Blackmont Capital Inc., Tel: (416) 864-2085, Fax: (416) 864-9151 DATASOURCE: Kimber Resources Inc.
CONTACT: 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: ; Jamie Boyden, Vice-President, Investment Banking, Blackmont Capital Inc., Tel: (416) 864-2085, Fax: (416) 864-9151
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