Kimber Announces $7 Million Bought Deal Private Placement
VANCOUVER, July 7, 2011 /PRNewswire/ – Kimber Resources Inc. (NYSE AMEX: KBX, TSX:KBR) is pleased to announce that it has entered into an engagement letter with a syndicate of Underwriters (the “Underwriters”) for the offering, on a private placement basis, of 4,400,000 common shares of Kimber (the “Shares”) at a price of C$1.60 per Share, for gross proceeds of C$7,040,000 ( the “Offering”), with a “bought deal” commitment by the Underwriters, subject to certain conditions.