Simba Mines Inc

Industry: Mining

Simba Mines Inc (OTC:SBAM:PK) is a Nevada company, administered from Michigan USA. Simba's fully diluted capital comprises 207 735 000 common shares. Of these, only 14 500 000 shares are tradable, with the remainder being restricted from trading. There are no options or warrants on issue. The management team has many years of experience in the mining industry, and in particular start-ups in the metals mining and processing sectors on several continents. On September 19, 2006 Simba Mines, Inc announced that it had entered into a definitive agreement to exchange its mining interest in Cachoeiras de Binga (CDB), a copper prospect located in Angola and two other exploration areas that it holds in Angola, for 5,193,375 shares in Australian Forest Industries, ( www.simbamines.com )

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Company Tags:
Mining

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Sell/Buy Offer Tags:
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