Kilimanjaro Suspends Somalia Program Amid Security
Post# of 199
Posted On: 06/17/2014 5:52:18 PM
Kilimanjaro Suspends Somalia Program Amid Security Concerns
Date : 06/17/2014 @ 10:45AM
Source : Marketwired
Stock : Kilimanjaro Capital Ltd. (PC) (KIMJF)
Quote : 0.005 0.0 (0.00%) @ 4:41PM
Kilimanjaro Suspends Somalia Program Amid Security Concerns
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Kilimanjaro Capital Ltd. (PC) (USOTC:KIMJF)
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Today : Tuesday 17 June 2014
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Kilimanjaro Suspends Somalia Program Amid Security Concerns
BELIZE CITY, BELIZE--(Marketwired - Jun 17, 2014) - The directors and management of Kilimanjaro Capital (OTC-PINK:KIMJF) have announced that due to deteriorating security conditions in Somalia it has suspended all its operations in the region. Kilimanjaro hopes in the near future to re-visit opportunities in Somalia once the security situation has greatly improved.
Due to Kilimanjaro no longer having a relationship with the GXG Markets, the exchange imposed restriction prohibiting discussion of its future contingent assets (FCA's) no longer applies. Kilimanjaro is excited about shifting its focus back on its assets mentioned in the Competent Persons Report by Nebu Consulting LLC, which states that the combined value of the company's FCA's is no less than $150 million.
FORWARD-LOOKING INFORMATION
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "will" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Corporation. The forward-looking information contained in this release is made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
Kilimanjaro Capital Limited
35 New Road, P.O. Box 198
Belize City, Belize
+44 (0) 20 3239 1362
info@kcap.biz
www.kcap.biz
Date : 06/17/2014 @ 10:45AM
Source : Marketwired
Stock : Kilimanjaro Capital Ltd. (PC) (KIMJF)
Quote : 0.005 0.0 (0.00%) @ 4:41PM
Kilimanjaro Suspends Somalia Program Amid Security Concerns
Alert
Kilimanjaro Capital Ltd. (PC) (USOTC:KIMJF)
Intraday Stock Chart
Today : Tuesday 17 June 2014
Click Here for more Kilimanjaro Capital Ltd. (PC) Charts.
Kilimanjaro Suspends Somalia Program Amid Security Concerns
BELIZE CITY, BELIZE--(Marketwired - Jun 17, 2014) - The directors and management of Kilimanjaro Capital (OTC-PINK:KIMJF) have announced that due to deteriorating security conditions in Somalia it has suspended all its operations in the region. Kilimanjaro hopes in the near future to re-visit opportunities in Somalia once the security situation has greatly improved.
Due to Kilimanjaro no longer having a relationship with the GXG Markets, the exchange imposed restriction prohibiting discussion of its future contingent assets (FCA's) no longer applies. Kilimanjaro is excited about shifting its focus back on its assets mentioned in the Competent Persons Report by Nebu Consulting LLC, which states that the combined value of the company's FCA's is no less than $150 million.
FORWARD-LOOKING INFORMATION
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "will" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Corporation. The forward-looking information contained in this release is made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
Kilimanjaro Capital Limited
35 New Road, P.O. Box 198
Belize City, Belize
+44 (0) 20 3239 1362
info@kcap.biz
www.kcap.biz
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