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Kilimanjaro in Conventional Asset Acquisition Negotiations
Kilimanjaro in Conventional Asset Acquisition Negotiations.
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[{"type":"text","content":"Kilimanjaro Capital Inc. \n GXG : KCAP\n\n \n \n \n\n \n\n\n\n\n \n \n \n \n \n \nSeptember 17, 2013 21:45 ET\nKilimanjaro in Conventional Asset Acquisition Negotiations\n\n\n\n\n\n\n\n CALGARY, ALBERTA--(Marketwired - Sept. 17, 2013) - Kilimanjaro Capital Ltd. (\"Kilimanjaro\" or \"the Company\") (GXG:KCAP),\n the GXG Markets-listed cash shell, is pleased to announce that it has \nentered into negotiations to acquire a conventional oil & gas \nproducing asset in North America.\n According to Kilimanjaro CEO Zulfikar Rashid, \"This \nconventional asset acquisition is a portfolio balancing measure to \ninsure shareholder value. The target will most likely be a non-operating\n interest in a NI51-101 compliant property already under production in \nNorth America and will balance our existing portfolio of interests in \nAfrica. While we are not deviating from our primary goal of further \nasset development in Africa; we do believe a North American property \nalready under production will be a desirable diversification.\"\n Negotiations with a private Canadian energy company are ongoing and an agreement is expected to be announced soon.\n In addition, Kilimanjaro is pleased to announce that its \nshares are now being traded through the UK stockbroker Alexander David \nSecurities Limited.\n For additional information see Kilimanjaro's website at www.kilimanjarocapital.ca.\n \n\n\n\n\n \n \n \n \n \n \n \n Contact Information\n \n \n Lionsgate CommunicationsJonathan Charles / Jessica Johnson+44 (0) 20 3697 [email protected] (UK):Alexander David Securities LimitedSimon Talbot+44 (0) 20 7448 [email protected]","length":2468,"tagName":"div"}]