Kibo Mining plc (AIM: KIBO), (JSE: KBO), the Tanzania focused mineral exploration and development company, is pleased to announce the appointment of XCAP Securities plc (“XCAP”) as the Company’s new joint Corporate Broker, with immediate effect. XCAP will not only fulfil the role as joint broker but will also act lead broker for as long as Kibo maintains a joint broker status.
The board of Kibo Mining Plc (the “Company”) wishes to advise that it has received a formal invitation dated 13 February 2013 from the Ministryof Energy and Minerals (“MEM”) to present and discuss details pertaining to its Rukwa Coal toPower Project. The presentation will take place on 22 February 2013 and will also be attended by the Tanzanian Electricity Supply Commission
Kibo Mining Plc (the “Company”) wishes to advise that in order to simplify its UK broking arrangements, Northland Capital Partners Limited (“Northland”) will act as sole UK broker to the Company forthwith. Cornhill Capital Limited (“Cornhill”), will no longer be retained as a joint broker alongside Northland. The Company wishes to thank Cornhill for the assistance it has provided the Company over the last 2 years.
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.