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Last C$0.02 CAD
Change Today 0.00 / 0.00%
Volume 0.0
SIR On Other Exchanges
As of 3:30 PM 11/20/15 All times are local (Market data is delayed by at least 15 minutes).

serengeti resources inc (SIR) Snapshot

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52 Week High
12/3/14 - C$0.08
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11/17/15 - C$0.02
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serengeti resources inc (SIR) Details

Serengeti Resources Inc. acquires and explores for mineral properties in Canada. Its principal property is the 100% owned Kwanika copper-gold deposit covering an area of 90 square kilometers located in the northern Quesnel Trough, British Columbia. The company also holds 50% interest in the Milligan West property, a copper-gold project covering an area of 15,736 hectares located in northwest of Prince George, British Columbia in joint venture with Fjordland Exploration Inc.; and 100% interest in other 17 and 65.2% interest in 3 other properties in joint venture with Fjordland Exploration Inc. in British Columbia. It also explores for silver and molybdenum resources. The company was formerly known as Serengeti Minerals Ltd. and changed its name to Serengeti Resources Inc. in 2001. Serengeti Resources Inc. was incorporated in 1973 and is headquartered in Vancouver, Canada.

Founded in 1973

serengeti resources inc (SIR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$168.0K
Chief Financial Officer
Total Annual Compensation: C$44.3K
Compensation as of Fiscal Year 2015.

serengeti resources inc (SIR) Key Developments

Serengeti Resources Inc. Proposes to Arrange Loan

Serengeti Resources Inc. proposed to arrange a loan with arm's length investors and three directors/officers whereby the company will borrow up to $100,000 for a term of one year, repayable in cash at the expiry of the term. Under the terms of the Loan arrangement, lenders will be paid 10% interest, compounded semi-annually and receive a 20% bonus payable in shares of the company at a deemed price of $0.05 per share in recognition of the un-secured nature of the loan. Loan proceeds will be used for general and administrative expenses of the company. Management considers the loan to be advantageous as it provides additional liquidity and financial flexibility to the company and considers the terms of the loan to be reasonable in the context of the market. The loan was reviewed and approved by the disinterested members of the company's board of directors.

Serengeti Resources Inc., Annual General Meeting, Aug 27, 2015

Serengeti Resources Inc., Annual General Meeting, Aug 27, 2015., at 10:00 Pacific Standard Time. Location: #303 ­ 543 Granville Street. Agenda: To receive the Report of the Directors; to receive the audited financial statements of the company for the year ended February 28, 2015, together with the Auditor's Report thereon; to fix the number of Directors at four; to elect Directors for the ensuing year; to approve the appointment of DeVisser Gray LLP as Auditors for the Company, and to authorize the Directors to fix the remuneration to be paid to the Auditors; and to consider other matters, including without limitation such amendments or variations to any of the foregoing resolutions, as may come before the Meeting or any adjournment thereof.

Serengeti Resources Inc. Auditor Raises 'Going Concern' Doubt

Serengeti Resources Inc. filed its Annual on Jun 18, 2015 for the period ending Feb 28, 2015. In this report its auditor, De Visser Gray, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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