Essel Group Middle East and Simba Energy Inc. are pleased to announce that EGME has exercised 17,000,000 warrants of Simba Energy Inc. at $0.075 per share for total proceeds of $1,275,000CAD. Proceeds will be used to retire remaining debt in Simba and for working capital purposes.
Link:
www.businesswire.com/news/home/20161012005621/en/Essel-Group-Middle-East-Exercise-Warrants-Simba
Link:
www.businesswire.com/news/home/20161012005621/en/Essel-Group-Middle-East-Exercise-Warrants-Simba
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