Kombat announces that, further to its press releases dated July 29, 2013 and October 3, 2013, it has completed the first tranche of its private placement financing of subscription receipts. The first tranche closing consisted of 29,037,000 subscription receipts at a purchase price of $0.10 per Subscription Receipt for gross proceeds of $2,903,700. The proceeds have been placed in escrow pending satisfaction of certain [...]
Kombat Copper announces that further to its news release dated July 29, 2013 announcing a proposed unit private placement, the Offering is expected to result in a change of control under the policies of the TSX Venture Exchange and the Company is required to obtain disinterested shareholder approval of the Offering. As such, the Company has amended the terms of the Offering to provide for the issue of subscription [...]
Kombat Copper announced today the implementation of a plan to streamline the Company's corporate governance structures to better serve its current needs and resources. As an initial step, the Board unanimously resolved to reduce its size from seven directors to five and Messrs. Amish Patel and Michael Slater resigned from the Board upon the resolution becoming effective on August 1, 2013. "We wish to thank Amish and [...]
Kombat Copper has launched a private placement financing of up to 30,000,000 units, each Unit being comprised of one common share and one common share purchase warrant at a purchase price of $0.10 per Unit for gross proceeds up to $3,000,000. Each Warrant shall entitle the holder thereof to acquire one Common Share at an exercise price of $0.20 per common share at any time before the date that is three years from the date [...]
Kombat Copper is pleased to report that it has received all the results from its diamond drill core program at Gross Otavi. A reference map is attached to this news release. The best result to date is from GC15A-12 which returned 6.03 metres of 1.55% copper, 6.64% lead, 4.09 % zinc and 18.4g/t silver, including 4.12 metres of 2.06% copper, 9.52% lead, 5.37% zinc and 23.5g/t silver. The table below lists the balance of [...]
Kombat Copper is pleased to report that Company geologists have identified and commenced work on priority copper targets within its Exclusive Prospecting Licences. The Company's EPL's are located in the highly prospective Otavi Mountainland of northern Namibia. Please refer to attached diagram. At EPL 3941, diamond drilling is now underway to test the down dip extension of the "Domingo I showing" approximately 3 [...]
Kombat Copper is pleased to report high grade copper and silver results from its diamond drill core re-sampling program from the historic Asis Far West mineralised zone in Namibia. The best result to date is from diamond drill hole AW101A returning 10 meters of 8% copper and 124 g/t silver, including 6 meters of 12.98% copper and 205 g/t silver and 1 meter of 29.7% copper and 457 g/t silver. The table below lists the [...]
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