Kibo Mining plc advises that Mr Des Burke will retire as a Director of the Company on the 31 st January 2013. Mr Burke has informed the Company that his decision coincides with his retirement plans from the mining industry in order to pursue other interests.
Further to its release on 9 January 2013, Kibo Mining Plc (the “Company”) is pleased to advise that it has issued 120,833,333 new ordinary shares to replace the same number of shares that were borrowed from its major shareholder, Mzuri Capital Group Ltd in order to facilitate a share placement.
Kibo Mining plc (“Kibo” or the “Company”) is pleased to announce that it has completed a placing of 120,833,333 ordinary shares in the capital of the Company (the “Shares”) with clients of Kibo’s UK Broker, Northland Capital Partners Ltd. at a placing price of 0.6p to raise gross proceeds of £725,000 (the “Placing”). The funds raised will be applied towards the Company’s exploration programs in Tanzania, to investigate further joint venture opportunities and for general working capital purposes.
Kibo finalises formal strategic joint venture agreement with major Brazilian industrial conglomerate Votorantim Metaís Participações Ltda, the metals, mining and smelting arm of the Votorantim Group, for the further exploration and development of its Haneti Nickel Project.
Dated: 12 December 2012
• Completion of the 100% acquisition of Mzuri Gold Limited and Mayborn Resources Limited which re-position Kibo as a major multi-commodity mineral explorer and developer in Tanzania;
• Negotiation of JV Agreement with Asian Conglomerate progressing well based on a renegotiated MOU which will see Kibo assume full operational control for the Rukwa coal development;
Significant Anomaly Identified at Morogoro South Project
Dated: 14 November 2012
Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO, AltX: KBO) the multi commodity exploration and development company focused on Tanzania, is pleased to provide an exploration update. The Company has received results from its infill soil and stream sediment sampling at the Morogoro North and Morogoro South projects in central and south eastern Tanzania.
Kibo Mining plc (“Kibo” or the “Company”) announces that pursuant to the previously announced standby equity distribution agreement (“SEDA”) dated 14 August 2012 between the Company and YA Global Master SPV Ltd (“YA Global”) the Company has issued 4,427,931 ordinary shares of €0.01 each in the capital of the Company (the “Shares”) at an issue price of 1.28446p to YA Global. These Shares have been issued as payment of £56,875 representing a proportion of the implementation feedue under the SEDA to YA Global and will rank pari passu with the Company’s existing issued Ordinary Shares.
RE-ADMISSION OF KIBO SHARES TO TRADING ON AIM AND THE JSE, EXECUTION OF GBP 3 MILLION SHARE PURCHASE FACILITY, AND ACHIEVEMENT OF REVERSE TAKEOVER OFFER ACCEPTANCE THRESHOLDS
Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO) the mineral exploration and development company focused on gold, nickel, coal and uranium projects in Tanzania, is pleased to announce its unaudited half year results for the period ended 31 March 2012.
Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO, AltX: KBO) the mineral exploration and development company focused on gold, nickel, coal and uranium projects in Tanzania, is pleased to provide an operations update. The Company has received final results from its Stage 1 exploration programme at its Lake Victoria, Haneti amd Morogoro projects which it implemented over the period October 2011 to March 2012. The results highlights are shown below and discussed in detail later in this announcement.