First off let me say that with the recent “get rich quick” schemes that have been popping up around Belize, this one smells like one of them from the start. I may be wrong but.
Kilimanjaro Capital (KIMJF), a “new breed” natural resource company based in Belize, is looking to acquire an interest in Tanzanian gold assets controlled by Sika Resources Inc., a Canadian company.
In a press release issued Friday morning, Kilimanjaro Capital announced an agreement in principle had been made with Sika Resources “to acquire an interest in world class gold assets in Tanzania.”
Tanzania is the third largest gold producer in Africa, is investor friendly, and politically stable, due to its progressive, western-oriented political system.
Although Tanzania is already the third largest gold producing country in Africa, many regions are yet to be explored. According to the press release, the Sika Resources properties that interest Kilimanjaro Capital lie within the Lake Victoria Goldfields, an area mined by a number of resources companies with an estimated 60 million ounces of gold in reserves.
The properties controlled by Sika Resources contain Archean greenstone rocks that have “numerous northeast-southwest and northwest-southeast trending fault/shear zones,” according to the resources page on Sika’s website. These fault zones are similar to other known gold deposits across the Lake Victoria region.
Kilimanjaro Capital Ltd. is a Limited Company that was incorporated on May 25, 2011 in Belize with the registered office at
35 New Road,
PO Box 198,
Belize City Belize
The applicable legislation is the International Business Companies Act Chapter 270 of Belize.
The Directors recognize the importance of sound corporate governance and will comply with the provisions of the Belize International Business Companies Act, Chapter 270 (IBCA).
KIMJF Security Details
|Market Value1||$100,000||a/o Sep 11, 2014|
|Shares Outstanding||500,000,000||a/o Apr 29, 2014|
|Authorized Shares||500,000,000||a/o Apr 29, 2014|
|Par Value||Not Available|
|Shareholders of Record||Not Available|
|Ex. Date||Record Date||Pay Date|
|Dividend (0.00)||Mar 03, 2014||Feb 21, 2014||Mar 03, 2014|
Short Selling Data
|Short Interest||0 (-100%)|
Aug 15, 2014
|Significant Failures to Deliver||No|
|Integral Transfer Agency|
SIKA Resources Inc. is a privately held Canadian junior exploration company, focused on gold in Tanzania. The company has an experienced management and technical team with extensive African experience, longstanding local contacts, and an in-depth knowledge of Tanzania.
- Phone: 416-447-6882
- Fax: 416-447-9950
Ms. Kim F. Harris
Mr. Paul E. Singer
Chief Financial Officer
Mr. Avrom E. Howard
Kilimanjaro Agreement With SIKA Resources for Gold Acquisition
BELIZE CITY, BELIZE–(Marketwired – Aug 13, 2014) – The directors and management of Kilimanjaro Capital (KIMJF) are pleased to announce that it has signed an agreement with SIKA Resources to earn up to a 30% interest in SIKA’s 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 In Tanzania. 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. The assets are favourably located next to billion dollar gold deposits run by majors such as AngloGold Barrick and Resolute.
Kilimanjaro is excited by the opportunity present in Tanzania. The political stability coupled with the untapped resource potential allows Kilimanjaro to make an impact revenue generating acquisition. According to Kilimanjaro CEO Zulfikar Rashid: “Kilimanjaro is delighted with this opportunity to work with Kim Harris and SIKA Resources in Tanzania. This gold asset has been on our radar for a long time and we will do everything possible to make it happen. We are already in discussions about the financial structure required and hope to consummate the deal in 30 to 60 days.”
SIKA plans to announce its work program on the assets shortly and is also optimistic about the two emerging Africa focused resource companies partnering up to tap gold deposit formations.
Kim Harris, the CEO of SIKA Resources, has reinforced the relationship is important to both companies: “The interests of SIKA Resources and Kilimanjaro Capital are aligned. Both companies want this partnership to prosper. This is a joint effort by two companies ready to go to work to reach their goals.”
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. More information on SIKA’s assets can be found at www.sikaresources.com.
Certain statements contained in the following presentation constitute forward-looking statements, involving a number of known and unknown risks, uncertainties, and other factors, which may cause the actual results, performance, or achievements of the Company to be materially different from actual results and achievements expressed or implied in such statements. Readers are cautioned not to place undue reliance on these statements, while considering the risks inherent in the business of exploration.
Kilimanjaro Capital Limited
35 New Road, P.O. Box 198
Belize City, Belize
+44 (0) 20 3239 1362
SIKA Resources Inc.
CEO Direct: + 1 416 447 6882
Fax: + 1 416 447 9950