CVI 0.00% 0.3¢ cvi energy corporation limited

valuation of chipindo gold license..., page-26

  1. 9,445 Posts.
    Bluesdog
    You mentioned South African contacts???

    This might help

    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, Inc. (AUFI) (which will change its name to Zebra Copper Inc) a public company trading on the Over the Counter Bulletin Board under the symbol (OTCBB:AUFI).

    In addition to this Simba share/asset exchange transaction, it was announced in the AUFI Press Release, that AUFI will also be issuing 4,806,625 shares to acquire Rockbury Properties Limited, which holds an additional interest in the CDB property (bringing AUFI ownership in this project to 80%) from Bongani International Group Limited

    Bongani International Group Limited (BIG), a privately held company associated with the majority shareholders of Bongani Investment Holdings Limited (BIH), which is a large South African headquartered contracting and engineering firm with operations in Angola and wide ranging capabilities in Africa.
    Additional information is available on the Bongani Group at www.bonganisa.co.za

    Prior to this transaction, Simba owned a 40% interest in CDB and 35% in two Angolan exploration areas. These projects have been held through Simba’s wholly owned subsidiary company, Simbajamba Mines Limited. The result of these transactions with Australian Forest Industries, Inc., is to give Simba Mines’ shareholders a major stake in the consolidated ownership of CDB in a single public entity trading on a recognized exchange, and to position this copper metal asset for large scale production as quickly and efficiently as possible. In addition, these transactions between these three groups bring about additional synergies, from which Simba Mines’ shareholders benefit, as follows:
    The Bongani Group’s extensive expertise, experience and relationships within the African mining industry will streamline the permitting, registration and complex logistics of putting the CDB mining property into full scale production.
 
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