http://www.shebaexploration.com/?source=plusquoted

The company is registered in England and operates through its sole subsidiary, Sheba
Exploration Limited, in northern Ethiopia. At Una Deriam EEL a 10 kilometre long trend of
gold anomalies is under investigation, of which about 5km has been defined in relative
detail, including trenching and some drilling. At Shehagne EEL the company has
discovered and traced a 2.8 kilometre long gold soil anomaly and completed preliminary
trenching and drilling this licence is now under option to Stratex International Plc. At
Finarwa EPL a third gold project is underway, following positive results from early stage
geochemical exploration. At Winibo EPL a 4.5km copper zone has been traced in outcrop and further exploration is planed.

The Offer
The Offer, which is subject to the further terms and conditions set out in the Offer Document and Form of Acceptance, is being made on
the basis of:
a cash payment of 3.0 pence per Sheba Share; and
the number of ordinary shares in the capital of Centamin equal to the number of Sheba Shares held by the Sheba shareholder
divided by 40.
Based on the closing price of Centamins ordinary shares on the London Stock Exchange on 8 July 2011, the Offer values Sheba at
approximately 7.48 million on a fully diluted basis, or 6.15 pence per Sheba Share, which represents a premium of approximately 124
per cent. to the closing price of the Sheba Shares on 8 July 2011, being 2.75 pence.

Sheba Exploration draws down Centamin Egypt loan
By BFN News | 02:18 PM | Friday 22 July, 2011


Sheba Exploration has drawn down the 100,000 loan facility from Centamin Egypt. Centamin Egypt has agreed a 7.48m deal to takeover Sheba. Story provided by StockMarketWire.com

http://moneyam.uk-wire.com/cgi-bin/articles/20110727145710M9710.html