Simba Energy Inc. announced a financing by way of private placement that contemplates issuing up to 42 million units for gross proceeds up to $2,100,000. In conjunction with the financing, the company announced the appointment of Mr. Gagan Goel as a director of the company. Mr. Goel is currently Managing Director, Essel Group Middle East, located in Dubai, UAE and will also serve as Vice-Chairman of the Board.