Serengeti Resources

Published : August 30th, 2007

Retains BMK Communications, Grants Options

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Serengeti ResourcesTSX-V:SIR

  Thursday, August 30, 2007
Serengeti Retains BMK Communications, Grants Options

  NR: SIR 2007-18



Vancouver, B.C., August 30, 2007: Serengeti Resources Inc. (TSX-V: SIR) is pleased to announce that, subject to regulatory approval, the Company has retained BMK Communications Inc.("BMK") of Vancouver, B.C. to provide investor relations and marketing services on behalf of Serengeti.

BMK provides investor relations services to public companies in North America and specializes in development and management of customized marketing programs. Principal, Lisa May has more than 10 years marketing experience and will focus on raising market awareness of Serengeti's exciting Kwanika copper-gold project where a large-scale, advanced exploration program is currently underway.

The agreement with BMK has an initial three month term and includes compensation of $6,000 per month and the grant of 100,000 incentive stock options, exercisable at a price of $1.31 per share for a two year period. The agreement with BMK is subject to regulatory approval and all terms will be subject to and in accordance with the rules and regulations of the TSX Venture Exchange.

The Company also announces the grant of an additional 585,000 incentive stock options to directors, officers and consultants to the Company, exercisable at a price of $1.31 per share for a period of five years.

The Company currently holds in excess of $21.5 million in cash and cash equivalents. None of the funds are invested in asset-backed commercial paper and are not subject to any meaningful credit or liquidity risk.

About Serengeti
Serengeti is a mineral exploration company managed by an experienced team of professionals with a solid track record of exploration success. The Company is focused on the advancement of its Kwanika copper-gold project and on the discovery of copper-gold and molybdenum deposits on its extensive portfolio of properties in the highly prospective Quesnel Trough of British Columbia. Additional information on Serengeti's projects can be found on the Company's website at www.serengetiresources.com.

For further information, please contact:
David W. Moore, President and CEO, Serengeti Resources Inc., 604-605-1300
Email: dmoore@serengetiresources.com
Website: www.serengetiresoucres.com
Investor Relations: ph 604-685-8184 / Email: info@serengetiresources.com

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.

Cautionary Statement
This document contains "forward-looking statements" within the meaning of applicable Canadian securities regulations. All statements other than statements of historical fact herein, including, without limitation, statements regarding exploration results and plans, and other future plans and objectives, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and future events and actual results could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from our expectations are disclosed in the Company's documents filed from time to time via SEDAR with the Canadian regulatory agencies to whose policies we are bound.

Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and we do not undertake any obligation to update forward-looking statements should conditions or our estimates or opinions change. Forward-looking statements are subject to risks, uncertainties and other factors, including risks associated with mineral exploration, price volatility in the mineral commodities we seek, and operational and political risks
 
 

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Serengeti Resources

EXPLORATION STAGE
CODE : SIR.V
ISIN : CA8174991064
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Serengeti Res. is a copper and gold exploration company based in Canada.

Serengeti Res. holds various exploration projects in Canada and in Mexico.

Its main exploration properties are CROY BLOOM, NECHAKO, OMENICA, KWANIKA, GERMANSEN-VALLEAU, QUEST and KEM in Canada.

Serengeti Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 35.1 millions as of today (US$ 28.1 millions, € 23.5 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 4.80, and its lowest recent point on January 22, 2016 at CA$ 0.02.

Serengeti Res. has 71 540 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
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Annual reports of Serengeti Resources
2007 Annual Report
Financings of Serengeti Resources
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10/23/2015Announces Equity Financing
6/16/2011Announces a Non-Brokered Flow-Through Private Placement
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5/5/2008 Extends Exercise Term of Warrants
1/29/2008Extends Exercise Term of Warrants
2/17/2007Closes Cdn$5.2 Million Private Placement Financing
Nominations of Serengeti Resources
3/28/2013Announces Appointment of New CFO
2/9/2011Announces Appointment of New Director
9/30/2009Appoints New Auditors
3/17/2008appoints new CFO
Project news of Serengeti Resources
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2/6/2013(Kwanika)Announces Positive PEA Results: $263 Million NPV for Kwanika...
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7/25/2012(Kwanika)Completes Drill Program and Reports Results from Cuates Prop...
6/14/2012(Tchentlo)Drilling Funded by Freeport-McMoRan of Canada Limited underw...
5/24/2012Reports Recent Drilling Expands Victoria Mineralized Zone
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9/15/2011(Croy Bloom)Identifies IP Anomaly Associated with High Grade Copper-Gold...
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6/17/2010(Kwanika)Major Drill Campaign Commences at Kwanika Project
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10/26/2009(Tchentlo)Encouraged by Regional Exploration Results
8/26/2009(Kwanika)Intersects 0.78% Copper Equivalent over 150 meters in South ...
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2/25/2009(Kwanika)Resource Estimate Confirms 1.6 Million Ounce Gold
and 1....
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6/15/2008(Kwanika)Continues to Expand Central Zone at Kwanika
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5/7/2008(Kwanika) Reports on Positive Mineralogical Study at Kwanika
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1/21/2008(Kwanika) Commences 2008 Drill Program at Kwanika Wins Northern BC Pr...
1/7/2008(Kwanika) Reports Additional Results from Kwanika Including 297 meter...
12/19/2007(Kwanika)Completes 2007 Drill Program at Kwanika
11/26/2007(Kwanika) Kwanika Copper-Gold Project
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9/6/2007(Kwanika)Drills 48 meters of 0.75% Copper and 2.5 g/t Gold at Kwanika
8/15/2007(Kwanika)Update Second Drill Rig Mobilized to Kwanika
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Corporate news of Serengeti Resources
7/26/2016President's Letter to Shareholders
4/27/2016Announces Grant of Options
10/23/2015Serengeti Announces Equity Financing
10/15/2015Serengeti Reports on Recent Exploration Results and Progress...
3/2/2015Serengeti Provides Update on Major Strategic Investment by S...
12/2/2014Serengeti Announces Terms of a Major Investment by Strategic...
12/1/2014Serengeti Announces Terms of a Major Investment by Strategic...
8/26/2014Serengeti Reports 6.7 Cu%, 5.9 g/t Au, 464 g/t Ag Assays fro...
6/24/2014Serengeti Announces Initiation of Targeted Summer Field Prog...
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6/20/2013Announces Start of Summer Field Program
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3/20/2013Announces Engagement of IR Firm and Option Grant
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7/27/2010Acquires Gold-Silver Properties in Mexico
5/27/2010Completes Airborne Survey at Tchentlo
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4/1/2010Announces Investor Relations Contracts
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11/30/2009CEO clip featured on The Biography Channel
10/13/2009Commences Drilling on Choo and Mil Gold-Copper Targets near ...
8/6/2009President's Letter to Shareholders
6/1/2009Message to Shareholders
8/11/2008President's Letter to Shareholders
8/30/2007Retains BMK Communications, Grants Options
8/1/2007Fjordland Partner on QUEST Joint Venture
7/27/2007Announces Shareholders Rights Plan
7/10/2007Reports 312 meters of 0.27% Copper and 0.39 g/t Gold from Sp...
6/8/2007Announces Completion of $20 Million Financing
5/16/2007Announces $15 Million Bought-Deal Financing
5/15/2007Drills 328 meters of 0.61% copper and 0.72 g/t gold at its K...
4/24/2007Reports Drilling Progress on Kwanika Property
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TSX-V (SIR.V)OTHER OTC (SGRNF)
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