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Shamika Resources’ strategy is to work actively at acquiring as many new concessions as possible in the Democratic Republic of Congo, with a focus on tin containing properties, in order to impact positively the share value for investors in the Company.
If the concession perimeters for which we have most interest would be the ones hosting our target tin, tantalum, niobium and tungsten ore, any concession revealing other minerals than the ones listed above will not necessarily be discarded, since we may consider farming out some of our mining rights and work on a joint-venture basis with other operators.
Shamika Resources is planning on issuing an IPO on the Toronto TSX-Venture Stock Exchange by Fall 2008. And in order to carry out what is required to be in the best position at the time of its IPO, Shamika is currently completing a private placement of $3,000,000.
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Shamika Resources attends its first meeting in Brazil, as new member of the TIC, the Tantalum-Niobium International Study Center.
Shamika Resources signs two Memorandums of Understanding (MOU) with Chinese companies pertaining to its propertie during the International Mining Show in Beijing.
Shamika Resources contracts Geodem inc. to produce three "NI 43-101" reports over its Manono, Kalehe and Idjwi properties (tin, tantalum, and tungsten).
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