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Watch KIMJF for what could be a monster power hour rally!
Kilimanjaro Enters Into Negotiations With Sika Resources
BELIZE CITY, BELIZE–(Marketwired – Aug 8, 2014) – The directors and management of Kilimanjaro Capital (KIMJF) are pleased to announce that it has reached an agreement in principle with Sika Resources to acquire an interest in world class gold assets in Tanzania.
Sika holds properties located within the Lake Victoria Goldfields, a world-class gold district with over 60 million ounces of gold in reserves. Sika`s properties host Archean greenstone rocks within which numerous northeast-southwest and northwest-southeast trending fault/shear zones are seen, similar to trends hosting known gold deposits across the district. Deposits in the Lake Victoria Goldfields district, some within 30 km of Sika`s properties, include: * AngloGold Ashanti`s Geita Mines (+19 million oz) * Barrick Gold`s Bulyanhulu Mine (+15 million oz) * Resolute Mining`s Golden Pride (+2.6 million oz) * A host of other known deposits and gold mines including Barrick`s Tuluwaka and Buzwagi
Tanzania is considered by many as Africa`s most stable country featuring a progressive, western-oriented political system and investor friendly business climate. It is Africa`s third largest gold producer, yet many highly prospective regions remain under-explored.
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Kilimanjaro Capital has a focus on emerging countries in West Africa, those nations and peoples seeking economic and political self determination in Cabinda, Southern Cameroons, and Biafra (the Niger Delta). The West African assets are often disputed, distressed and involve multiple claimants. This strategy permits Kilimanjaro Capital to acquire rights and licenses at the earliest possible point in order to maximize shareholder value. Kilimanjaro Capital becomes not only a concession holder in the development of these emerging countries but a trusted partner and advisor in their future development. Kilimanjaro is also focused on Somalia with a plan to acquire more assets worldwide.
Kilimanjaro Capital Ltd. has acquired an extensive portfolio of oil, gas and mineral assets in Africa. Kilimanjaro Capital has an interest in oil, gas and mineral rights in the Niger Delta (Biafra), Cabinda, Southern Cameroons and Somalia. Kilimanjaro Capital is also in the process of evaluating other investment opportunities in Africa and around the world.
 read more about KIMJF`s assets
KIMJF Recent Announcements
* Kilimanjaro to Acquire Additional Oil Properties in Western AlbertaMarketwired(Thu, Jul 17) * Kilimanjaro Announces Long Coulee ReservesMarketwired(Mon, Jun 30) * Kilimanjaro Announces Western Canada Asset Acquisition LOIMarketwired(Tue, Jun 24) * Kilimanjaro Suspends Somalia Program Amid Security ConcernsMarketwired(Tue, Jun 17) * Kilimanjaro Announces Somalia Exploration ProgramMarketwired(Tue, May 27) * Kilimanjaro Signs Somalia Consulting MemorandumMarketwired(Wed, May 21) * Kilimanjaro Signs Somalia Security MemorandumMarketwired(Tue, May 13) * Kilimanjaro`s 100% Interest in Onshore Cabinda Estimated to Contain 2 Billion Barrels of Oil: African Union Expected to Ratify Decision SoonMarketwired(Thu, Mar 27) * Kilimanjaro Capital Ltd.: Notice of Corporate ActionMarketwired(Mon, Mar 3) * Kilimanjaro Capital Ltd.: Notice of Corporate ActionMarketwired(Thu, Feb 20) * Kilimanjaro Capital Ltd.: Somalia Update & Release of NI 51-101 ReportMarketwired(Tue, Jan 14) * Kilimanjaro Capital Ltd.: Somalia Update & Release of NI 51-101
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