News

Kibo Issues of Shares for Cash

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 that it has issued2 356 548 new ordinary shares of Eur0.015 (“Ordinary  Shares”)  at  5p  per  share  (the  “Placing  Shares”)  for  cash,  to  settle  all  currently outstanding creditors. With the issue of these shares the board is pleased to announce that the Company has no outstanding debt or creditors.

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Kibo Raises Further £500,000 in Secondary Placement

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 that following further  significant institutional demand for the  Company’s shares it has raised an additional GBP500,000, before expenses, through the issue of  10,000,000  new  ordinary  shares  of  Eur0.015  (“Ordinary  Shares”)  at  5p  per  share  (the “Placing Shares”) via its UK broker, XCAP Securities plc.

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Haneti Joint Venture Project Update: First Laboratory Results

  • New Ni-PGM prospective ultramafic outcrops identified
  • Preliminary soil samples results confirm Mihanza and Mwaka as initial priority drill targets
  • Regional programme identified new ultramafic occurrences
  • Initial soil sampling programme completed ahead of schedule
  • Follow up soil sampling completed over new target areas identified from geological mapping
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Kibo raises £1,105,000 in Share Placing

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 that it has received commitments to a share placing of 22,100,000 new ordinary shares of Eur0.015 in the capital of the Company with clients of Kibo’s UK Broker, XCAP Securities plc at a placing price of 5p per share (the “Placing Shares”) to raise gross proceeds of £1,105,000 before expenses (the “Placing”). The funds raised will be applied towards the Company’s exploration programmes in Tanzania and for general working capital purposes.

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Consolidated Lake Victoria Exploration Portfolio Includes Resource of 797 900 Ounces

Kibo Announces new Consolidated Lake Victoria Gold Exploration Portfolio which includes a Gold Resource of 797 900 Ounces

 

  • First phase consolidation of Lake Victoria Exploration Portfolio completed, encompassing relinquishment  of  less  prospective  areas  and  opportunistic  acquisition  of  selected  new project areas with significant known mineralized structures.
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Change in UK Broking Arrangements

Kibo Mining Plc (the “Company”) wishes to advise that Northland Capital Partners Limited (“Northland”)  will  no  longer  act  as  joint  broker  to the  Company  effective  immediately. XCAP  Securities  plc  is now   the  Company’s  sole  corporate  broker  under  AIM  Rules.  The Company wishes to thank Northland for the assistance it has provided the Company over the last 14 months.

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AIM Share Price
(Ticker: KIBO)
4.33p Change -0.17p
at 09:26 AM on 19 Jul 2018

JSE Share Price
(Ticker: KBO)
93.00c Change +0.00c
at 09:00 AM on 19 Jul 2018

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