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Technical Presentation Meeting
I don't know if anyone has posted this yet. Just got off the phone with Mark and he said the Tech Presentation meeting will be on April 27 in Dubai. I mentioned the date wasn't in the AGM summary email and he said the date wasn't set when that email went out.
Dear Simba Energy Shareholder,
Here is a brief summary in the bullet points of the highlighted items and events that were discussed at Simba Energy’ Annual General Meeting (AGM).
SIMBA AGM, April 13, 2017:
-Upon completion of Simba AGM a request has been submitted to the TSX for approval to change the Company’s name to “Simba Essel Energy Inc.” to better reflect the Joint Venture partnership and farm-in agreement in place between Simba Energy and Essel Group ME (EGME). This has already been approved by the Board of Directors and the TSX request should be a formality.
-Simba and its partner EGME have been performing due diligence and vetting potential revenue producing assets to acquire, Simba and EGME have been on the hunt for cash flow from producing assets in order to help fund its exploration campaigns. One particular producing asset has been identified and the process is underway now how a deal can be structured for such an acquisition.
-Simba Energy would like to add an experienced Oil and Gas Executive to its team to help assist with overall operations including the preparation and commencement of drilling Simba’s first two exploration wells in Kenya.
- Simba will endeavor to improve investor awareness, promotion and exposure by implementing some marketing initiatives that will include investor-targeted road shows, industry conferences, presentations and meeting with industry professionals such as: brokers, analysts and fund managers and the media that can help to improve public awareness for Simba Energy’s stock and increase the company’s exposure.
-There is currently a plan being developed by Simba to start to promote the Company in a more aggressive and targeted manner. The company will also be revamping its corporate website and will have a new, updated corporate presentation shortly.
-Simba’s management and board members have a meeting planned where Simba Energy’s Board of Directors and technical team along with EGME’s principles and technical team will be reviewing a technical presentation from the data interpretation being finalized in the UK. This will include detailed planning for a proposed drill program on block 2A.
-Simba will be filing a request with the TSX for an extension of the current $ 0.10 outstanding warrants (54 Million) which are set to revert back up to $ 0.15 in June, 2017. If the TSX accepts this request then Simba will extend the 54 million warrants which will remain at $ 0.10 until the expiry date in June 2018. (total of $5.4 Million CAD)
Thank you,
Mark