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(Alliance News) - Kibo Energy PLC on Friday said it has terminated its intended acquisition of the Victoria Falls Solar Park project in Zimbabwe from Broomfield International Ltd, following due diligence.
Read moreKibo Energy PLC - group with energy projects in Africa and UK - Issues 56.1 million shares at a price of 0.16 pence each to Sanderson Capital Partners Ltd to settle the remaining GBP89,788 of the forward payment facility signed by both parties in December 2016.
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(Sharecast News) - Kibo Energy announced the appointment of Cobus van der Merwe as group chief financial officer on Friday, with effect from 1 June.
Read moreKibo Energy PLC - group with energy projects in Africa and UK - Appoints Cobus van der Merwe as its new chief financial officer from June 1. The current finance chief, Pieter Krugel, is leaving Kibo to join Mast Energy Developments PLC as chief executive from June 1.
Read moreKibo Energy PLC - energy projects in Africa and UK - Signs a rolling five-year agreement with Vienna-based Enerox GmbH to develop and sell CellCube-based vanadium redox flow batteries in selected sectors in southern Africa. The contract seeks to deliver a project pipeline expected to exceed at least 1 gigawatt over the course of five years.
Read moreKibo Energy PLC - Africa- and UK-focused energy project company - Agrees to further extend for three months the redemption date of the convertible loan note with all remaining noteholders. The new extended redemption date will now be July 1. The further extension includes notes in aggregate of GBP657,985. Kibo Energy is settling outstanding fees owing to directors and management by the issue of a 7% convertible loan note redeemable instrument.
Read moreKibo Energy PLC - Africa- and UK-focused energy project company - Signs agreement to buy the Victoria Falls solar park project in Victoria Falls, Zimbabwe from Broomfield International Ltd for GBP10.0 million. Says it will buy the entire issued share capital of Brownhill and shareholder loan claims against the firm, which holds the project through its wholly-owned subsidiary Power Ventures Ltd. The consideration will be payable in new shares in Kibo at an issue price of 5 pence per share. It will follow a one for 10 share consolidation as part of the transaction. Explains that it has requested for its shares to be suspended from trading as the deal constitutes a reverse takeover. The Victoria Falls solar park is a 100 million watt solar power generation project located. Expects it to deliver an equity internal rate of return of 18% and earnings before interest and tax of USD107 million.
Read moreKibo Energy PLC - Africa- and UK-focused energy project company - Signs a bridge loan facility agreement with an unnamed institutional investor for up to GBP3 million, with a term of up to 36 months.
Read more(Sharecast News) - Kibo Energy announced a 10-year take-or-pay conditional power purchase agreement on Monday, to generate baseload electricity from a 2.7 MW plastic-to-syngas power plant.
Read more(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.
Read more(Alliance News) - Kibo Energy PLC on Monday said it has inked a 10-year clean energy power purchase agreement on a waste-to-energy project in South Africa for an unnamed client.
Read more(Sharecast News) - Renewable energy-focussed development company Kibo Energy has settled outstanding fees owed to directors and management, it announced on Friday, by the issue of a 7% convertible loan note redeemable instrument.
Read moreIN BRIEF: Kibo Energy chair to step down, search for successor starts
Read moreIN BRIEF: Mast Energy's Pyebridge project starts commercial production
Read moreIN BRIEF: Kibo raises cash for waste-to-energy projects
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