RE: Time to look at SIMBA - SMB at 0.21cHave 12 million shares that started trading mid feb and 12 million warrants in the money.
Vancouver, BC, Canada – October 16, 2010 – Simba Energy Inc. (the “Company”) is pleased to announce that further to its news releases of September 13 and October 5, 2010, it has now closed its private placement. The Company issued a total of 12,112,500 units at
.08 per unit for total gross proceeds of $969,000. Each unit consists of one common share and one transferable share purchase warrant, each warrant exercisable into one additional common share until October 18, 2011, a price of
.16 per share.
Another 42 million april-may.
Vancouver, B.C., Canada – January 24, 2011 – Simba Energy Inc. (the “Company”) announces that it has closed its private placement first announced on December 30, 2010. The Company issued 42,322,500 units at
.08 per unit for total gross proceeds of $3,385,800. Each unit consists of one common share and one-half of one transferable share purchase warrant, each whole warrant exercisable into one additional common share until January 20, 2012, a price of
.16 per share. All securities issued under the placement are subject to hold periods expiring on May 21, 2011.
Options as follow which are NOT vested on Nov. 29/10.
Simba Energy Inc. has granted stock options to its directors, officers and consultants, under its stock option plan, for the purchase of up to 5.4 million common shares of the company for a period of three years at a price of 10 cents per share.
Sweet deal to Pinetree at a large discount to price stock was trading at on Feb 02/11(closed at 19 cents)
The Common Shares and Warrants noted in item 2. above were acquired pursuant to a
private placement for aggregate consideration of $800,000 (being
.08 per unit). The
Warrants are exercisable at a price of
.16 per share until January 20, 2012.
.
PINETREE CAPITAL LTD. ACQUIRES SECURITIES OF
SIMBA ENERGY INC.
TORONTO, Canada (February 2, 2011) Pinetree Capital Ltd. (TSX: PNP), announces that on January 24,2011, it acquired ownership of 10,000,000 common shares (“Common Shares”) and 5,000,000 common share
purchase warrants (the “Warrants”) of Simba Energy Inc. (“Simba”). Each Warrant entitles the holder thereof to
acquire one additional common share at a price of
.16 until January 20, 2012. In the event that the Warrants
are fully exercised, these holdings represent approximately 10.9% of the total issued and outstanding common
shares of Simba as of January 24, 2011, calculated on a partially diluted basis assuming the exercise of the
Warrants only.
This transaction was made for investment purposes and Pinetree could increase or decrease its investment in
Simba depending on market conditions or any other relevant factor