Jim Bishop
16 years ago
SECURITIES AND EXCHANGE COMMISSION Washington, D.C.
SECURITIES EXCHANGE ACT OF 1934 RELEASE NO. 56897 / December 5, 2007
SEC SUSPENDS TRADING IN THE STOCK OF KIMBER-X RESOURCES CORP.
As part of its Anti-Spam Initiative, the Securities and Exchange Commission (“Commission” or “SEC”) today announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading in the securities of Kimber-X Resources Corp. (“Kimber-X”), commencing at 9:30 a.m. EST on December 5, 2007, and terminating at 11:59 p.m. EST on December 18, 2007. The securities of Kimber-X are quoted on the Pink Sheets under the symbol “KRXR.”
The Commission ordered this trading suspension because of questions that have arisen regarding the adequacy and accuracy of Kimber-X’s press releases and other publicly-disseminated information concerning the company’s current operations, issuance of securities, and transactions in company stock by company insiders.
The Commission cautions brokers, dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by Kimber-X.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not it has complied with the rule, it should not enter any quotation but immediately contact the staff in the Division of Trading and Markets, Office of Interpretation and Guidance, at (202) 551-5760. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, it should refrain from entering quotations relating to Kimber-X securities until such time as it has familiarized itself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation that is in violation of the rule, the Commission will consider the need for prompt enforcement action.
The Commission acknowledges the assistance of the Saskatchewan Financial Services Commission.
The SEC’s Office of Investor Education and Assistance has information for investors and members of the general public on topics directly related to this action by the SEC. See http://www.sec.gov/investor/35tradingsuspensions.htm for a compilation of helpful links.
Any broker, dealer or other person with information relating to this matter is invited to e-mail the Securities and Exchange Commission at 35suspensions@sec.gov.
DarthTrader77
17 years ago
Kimber-X (KRXR) to Commence Magnetic Survey
2007-09-24 16:00 ET - News Release
WILMINGTON, Del. -- (Business Wire)
Kimber-X Resources Corp. Sept 24th, 2007 (Pink Sheets:KRXR) is pleased to report that it is preparing to commence a magnetic survey on the Sask Craton Joint venture, which is adjacent to the Fort a la Corne kimberlite fields. The Forte a la Corne area of Saskatchewan contains one of the most extensive kimberlite fields in the world. Current theories postulate that this area may well contain the world's largest diamond deposit.
Kimberlite is a type of rock that forms in the shape of vertical pipes in the earth’s crust and is best known for containing diamonds. The majority of diamonds mined today are found in these kimberlite pipes, which can reside in depths up to 450 kilometres deep. The most cost effective and useful method for detecting these kimberlites is to use a magnetic survey to detect the conductivity contrast of the pipes as well as the tectonic faults that assist in the development of kimberlite pipes.
KRXR’s consultants have advised that subtle magnetic features in historical surveys would have been overlooked when early discoveries were coming from kimberlites with a stronger magnetic response. Currently, there is no magnetic data available in the public domain on the Sask Craton Joint Venture. The company’s consultants feel that this property has the potential to host a subtle magnetic feature that may represent a kimberlite that could have been overlooked by past diamond exploration companies.
The Sask Craton Joint Venture property is favorably located in the Fort a la Corne kimberlite cluster, and will be surveyed with high-sensitivity magnetic surveys at a 150-300 foot interval. A weak magnetic anomaly may indicate a buried kimberlite with low magnetic response. Any anomalies discovered would be enhanced with ground gravity surveys to locate areas with higher gravimetric response, which is expected from thicker kimberlitic deposits. If the results of the magnetic survey indicate that kimberlite pipes may be present, KRXR will then take the necessary steps to prepare for mining development of the site.
Fort a la Corne, Saskatchewan, Canada and its world-class kimberlite field have seen major developments in geophysical and geological interpretation that have significantly increased the comprehension of the nature of this extraordinary deposit. Various joint ventures in Saskatchewan have now spent in excess of one half billion dollars ($500,000,000) on exploration and development and have identified numerous diamondiferous kimberlite pipes. Airborne magnetic surveys have been the primary exploration tool utilized in this area and have been successful in locating kimberlite pipes.
The two largest diamonds found in Saskatchewan (49.50 and 22.56 carats) were discovered in Fort a la Corne recently. Unique geological situations in this area have created kimberlite size and tonnage in the neighbourhood of 50 to 100 times of any other kimberlites found worldwide and total in excess of 8 billion tons.
Safe Harbour Disclaimer:
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are "forward-looking statements" are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties or other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as: the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels.
Contacts:
Kimber X-Resources Corp.
Investor Relations, Toll-Free: 1-888-789-0939
info@kimber-x.com
www.kimber-x.com
or
TheOpeningBell Newsletter
John Gernannt, 478-254-4138
EquityResearchIR.com
theopeningbell@cox.net
Source: Kimber-X Resources Corp.
DarthTrader77
17 years ago
Kimber-X Continues Assessment of JV Property
2007-09-18 16:00 ET - News Release
WILMINGTON, Del. -- (Business Wire)
Kimber-X Resources Corp. (Pink Sheets:KRXR) reports that through its recently acquired a 55% interest in the Sask Craton Joint venture, which is adjacent to the Fort a la Corne kimberlite fields, the Company continues to pursue its exploration options as well as participating in additional exploration programs.
Fort a la Corne, Saskatchewan, Canada and its world class kimberlite field has undergone major developments in geophysical and geological interpretation that have significantly increased the comprehension of the nature of this extraordinary deposit. The area surrounding Fort a la Corne is also very similar geologically which creates the significant possibility that it will also host additional kimberlite clusters similar to those found within the boundaries of the current Fort a la Corne project. Consequently, Kimber-X has concentrated its efforts and resources to the Sask Craton Joint Venture.
The Company proposes to conduct a highly specialized aeromagnetic /EM program over the relevant portions of the JV to augment the data currently held in the assessment files for the area. The Company feels that this unexplored area could become extremely valuable for diamond exploration. Should this process delineate the appropriate data, the Company anticipates identifying several new kimberlite targets. The previous work considered only highly magnetic targets as prospective. However, given the high variability of magnetic signatures several new and exciting targets may present themselves in the Sask Craton JV area.
The Forte a la Corne area of central Saskatchewan encompasses one of the most extensive kimberlite fields in the world. Based upon current theories this area may well contain the world's largest diamond deposit. The two largest diamonds recovered in Saskatchewan of 49 and 23 carats were recently discovered in Fort a la Corne. The unique geological situations in this area have created kimberlite size and tonnage up to 100 times of any other kimberlites found worldwide and total in excess of 8 billion tons. The kimberlite formations in this area are amenable to open pit development with a very low stripping ratio. All of these factors make this region one of the most exciting diamond exploration areas in the world.
About Kimber-X Resources Corp:
Based in Wilmington, Delaware, Kimber-X Resources Corp. (http://www.kimber-x.com) (PINKSHEETS: KRXR) is a junior mineral exploration company, actively searching for diamonds in various claims located in Central and Southern Canada along the U.S. border, directly and in conjunction with significant joint venture partners. Capitalizing on its strong technical talent, Kimber-X Resources combines the latest in technology with current geological models to develop a balanced portfolio of properties with the potential for hosting large economic deposits.
Safe Harbour Disclaimer:
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are "forward-looking statements" are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties or other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as: the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels.
Contacts:
Kimber X-Resources Corp.
Investor Relations, Toll-Free: 1-866-507-0001
info@kimber-x.com
www.kimber-x.com
or
TheOpeningBell Newsletter
John Gernannt, 478-254-4138
EquityResearchIR.com
theopeningbell@cox.net
Source: Kimber-X Resources Corp.
DarthTrader77
17 years ago
Kimber-X Enters Option and Joint Venture Agreement
2007-08-02 07:00 ET - News Release
WILMINGTON, Del. -- (Business Wire)
Kimber-X Resources Corp. (Pink Sheets:KRXR) Kimber-X is pleased to report that it has entered into a formal Option and Joint Venture Agreement with Terrastar Minerals Inc. regarding their Sask Craton Property consisting of over 100,000 acres located adjacent to the prolific Fort a la Corne diamond-bearing kimberlite field in Saskatchewan, Canada. The Fort a la Corne area currently hosts one of the most extensive kimberlite fields in the world and possibly the world’s largest diamond deposit. The Fort a la Corne area is known to have the world’s largest accumulation of diamondiferous kimberlites. Recently, the two largest diamonds recovered in Saskatchewanof49.50 and 22.56 carats were discovered in Fort a la Corne.
Under the terms of the Option Agreement, Kimber-X has the right to earn a 55% undivided interest in the Sask Craton Property. Upon Kimber-X earning its undivided interest, a Joint Venture will be established with Kimber-X as operator holding a 55% interest.
Recently reviewed information provided by its joint venture partner by the Company’s geological team has verified that the Sask Craton Property is geologically similar to Fort a la Corne and is therefore highly favorable to host additional kimberlite deposits. These conclusions were reached based upon advancements in geological and geophysical perception that have expanded the understanding of the current deposits and illustrated the potential for similar discoveries in the region.
Current models for kimberlite emplacement patterns illustrate a general clustering effect. Utilizing proprietary data available to the joint venture, as well as other government research, the Company initially plans to examine the potential of the property to host significant extensions. The Company’s Diamond Advisory Team will initially be examining the aeromagnetic and ground magnetic data as well as conducting infill studies as necessary to further delineate several priority one anomalies thought to indicate new kimberlite bodies.
It is currently estimated that over 45% of world diamond exploration is now being conducted in Canada, with Canada slated to become the world’s #1 diamond producer in the very near future.
Contacts:
Kimber-X Resources Corp.
Investor Relations, Toll-Free: 1-888-789-0939
info@kimber-x.com
www.kimber-x.com
or
TheOpeningBell Newsletter
John Gernannt, 478-254-4138
theopeningbell@cox.net
EquityResearchIR.com
Source: Kimber-X Resources Corp.
Greencake
17 years ago
Pickens, I am sorry I didn't reply early as I had read your message a while back...anyway Sir, I guess the main reason I didn't reply is because I didn't and still do not know the share structure...I will find out soon enough though hopefully...
as you see on the top of the board "seeking Keen MOD" haha...no worries though there will be more chatter here once it hits the pennies, nickel or dimes...
Bought at $2.10, I did, waited through the high(patiently)of $2.55/2.58,(after recommendation to sell by friend at HighOfWeek) ....sold at stop loss at $1.80 on the 16th (in anticipation of further loss, with no PR and no VOLUME (more importantly)(hindsite, should have sold blah blah blah.)
NOW, today 4-3-07, it just closed at $1.50...If the chart continues in this step decline with no one holding it up with volume or PR. This will drop more considerablely I anticipate (almost exactly like like PMCL) (THE BOARD I STARTED and GOT KICKED OFF MODERATOR by jerkREBELBIA) Anyway enough of that... Focus on the positive...So I was saying I am predicting that KRXR get shorted by international traders, just like PMCL remember... ($2+ dollars to about .01)(BAGGER)(still playing it & bought in .019/all good)
I don't know the bottom here on Kimber of course but if there is no action, like I said this things looks like the titanic to me... In a month or two when everones forgotten about it should be about a penny or two too, then hopefully we can rescue the gold off the ocean floor. (WINK) TTYL and GLT JTStocks
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