Simba Energy Raises $2.1 Million To Fund Exploration In Kenya

Simba Energy has closed its previously announced in November 2015 non-brokered private placement to raise gross proceeds of $2,100,749.00 through the issue of shares to fund exploration commitments associated with the Company’s Production Sharing Contracts in Kenya, and general working capital purposes.

The Canadian Explorer that recently received formal approvalfrom the Government of Kenya for…