Serengeti Resources Inc. - Announces Strategic Share Block Purchase by Raven Hill Partners
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Raven Hill Partners is a private Toronto based investment and merchant banking firm that is dedicated to acquiring, funding, building and advising early stage private and public companies, with a strong bias in the natural resources and technology sectors.
'We are pleased to have Raven Hill as a significant shareholder,' stated President and CEO David Moore. 'Raven Hill has a strong presence in the capital markets in Toronto and this will be beneficial as we advance our Kwanika copper-gold project in BC and our Mexican gold-silver exploration portfolio. Furthermore, one of our current Directors is a principal in Raven Hill so this transaction tightens up our shareholder base,' elaborated Moore.
About Serengeti
Serengeti is a mineral exploration company managed by an experienced team of professionals with a solid track record of exploration success. The Company is currently advancing its Kwanika copper-gold project, exploring its extensive portfolio of properties in the highly prospective Quesnel Trough of British Columbia, and has initiated exploration for gold-silver deposits in Mexico. Additional information on Serengeti's projects can be found on the Company's website at www.serengetiresources.com. Serengeti is well funded to advance its projects with a current working capital position of approximately $5.6 million that includes $2.9 million receivable from the B.C. government's METC program. Serengeti has 46.2 million shares issued and outstanding and 51.0 million shares on a fully diluted basis.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Serengeti Resources Inc.
Martti Kangas
Investor Relations
647-521-9261
mkangas@proconsulcapital.com
Serengeti Resources Inc.
604-605-1300
www.serengetiresources.com