Simba Energy Inc. announced that it has received CAD 2.15 million in funding from Essel Groupp ME - DMCC and other investors
On June 15, 2016, Simba Energy Inc. closed the transaction. The transaction involved participation from 10 placees. The transaction involved participation from Essel Group Middle East DMCC for 34,000,000 units and Charles de Chezelles, director of the company, for 4,000,000 units. TSX Venture Exchange has accepted for filing documentation with respect to the transaction. Securities issued are subject to a four month hold period expiring on October 1, 2016.