International African joins Kinbauri

An amalgamation agreement between Kinbauri Gold (ASE) and International African Mining, a private company based in Ontario, has recently been announced. The deal is conditional upon shareholder and regulatory approval. At the time of the amalgamation, International African will hold one mining concession in Mali, Africa, and have cash reserves of approximately US$750,000. The new company, which hopes to gain a listing on the Alberta Stock Exchange, will have approximately 102 million common shares outstanding following consolidation.