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Serengeti Resources Inc.

03:30 PM EST - Serengeti Resources Inc. : Announced that Daewoo Minerals Canada Corporation, a Canadian subsidiary of POSCO Daewoo Corp., one of South Korea's leading trading corporations, has exercised its right to earn an additional 30% interest, bringing their total interest to 35% in the Kwanika Copper Gold project, subject to finalizing and executing the full Joint Venture Agreement for the project. Serengeti Resources Inc. shares V.SIR are trading down $0.005 at $0.20.