What does KBR mean in TORONTO STOCK EXCHANGE
KBR is an abbreviation for Kimber Resources Incorporated. It was a publicly traded mining and exploration company that focused on the exploration and development of natural resources, primarily gold. Kimber Resources had operations in Mexico and Nicaragua and it operated as a subsidiary of Strathmore Minerals Corp, a Canadian company. KBR’s stock was delisted from the Toronto Stock Exchange (TSX) in October 2014 following several years of volatile prices.
KBR meaning in Toronto Stock Exchange in Business
KBR mostly used in an acronym Toronto Stock Exchange in Category Business that means Kimber Resources Incorporated (de-listed)
Shorthand: KBR,
Full Form: Kimber Resources Incorporated (de-listed)
For more information of "Kimber Resources Incorporated (de-listed)", see the section below.
History
Kimber Resources was founded in 1981 by its current president, John E. Embry, who also served as executive chairman and chief executive officer since 2006. The company was originally listed on the TSX Venture Exchange in 1983 and changed its name to Kimber Resources Incorporated in 1997 when it moved to the Toronto Stock Exchange (TSX). For many years, KBR’s main operations included gold exploration projects at Cangrejos property in Nicaragua; Las Minas property near Ocampo, Mexico; and Loma de Hierro property near Ciudad Mante in Mexico. The company also held interests in other mineral properties mainly located in Mexico.
Operations
KBR's operations focused on exploring for precious metals such as gold, silver and copper using modern technologies including drilling methods and airborne surveys. As part of their strategy, KBR used integrated resource inventory models enabling direct comparisons between historical exploration-identified mineral resources with updated survey information acquired through ground exploration activities. The project areas targeted by the company spanned across North America including Canada, United States and Mexico as well as Central America where it has been involved since 2006 through its Nicaraguan projects.
Delisting From TSX
In October 2014, KBR announced their delisting from the Toronto Stock Exchange due to their inability to meet certain financial requirements based on listing criteria. This followed several years of volatile prices for KBR shares which were trading below $0.50 per share during the time of their removal from the exchange.
Essential Questions and Answers on Kimber Resources Incorporated (de-listed) in "BUSINESS»TSX"
What was Kimber Resources Incorporated?
Kimber Resources Incorporated was a precious-metals exploration and development company with projects in Mexico. The company focused on the Monterde property in Chihuahua, with a focus on gold and silver production.
When was Kimber Resources Incorporated de-listed?
Kimber Resources Incorporated was de-listed from the Toronto Stock Exchange in December, 2015.
Why did Kimber Resources Incorporated get de-listed?
It failed to meet certain listing requirements outlined by the Toronto Stock Exchange.
What happened to Kimber Resources' business operations after it got de-listed?
After being delisted, Kimber continued operations as a private entity until it entered into an agreement with New Wind Capital Corporation for its sale of all its Mexican assets and liabilities in October 2017.
Was there any announcement upon the sale of properties by Kimber Resources?
Yes, in October 2017, New Wind Capital announced that it had completed its acquisition of all assets and liabilities associated with the Company’s properties located in Mexico (Monterde Project) from Kimberly Resources.
Does this mean that there is no longer any business activity related to Kimberly Resources?
Yes, all activities associated with Kimber Resources have been fully discontinued as of October 2017.
Who currently owns the former assets and properties that were owned by Kimberly Resources?
After selling all its Mexican properties, New Wind Capital Corporation now owns them all.
Are there still any investments associated with Kimberly Resources left for investors?
No, because Kimberly Resource's stock was de-listed in December 2015, the only outstanding investments associated with Kimbets are those held under its former Ticker Symbol KBR on the Toronto Stock Exchange prior to delisting.
Final Words:
KBR was an exploration and development mining firm which had active projects mainly located in Mexico but extending to Nicaragua since 2006. The company was listed on the Toronto Stock Exchange (TSX) but eventually suffered from financial difficulties resulting in its delisting from TSX shortly after October 2014.
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