Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Don't want ads? Click here
Sponsored Content
Don't want ads? Click here

Pin to quick picksKibo Energy Share News (KIBO)

  • This share is currently suspended. It was suspended at a price of 0.0065

Share Price Information for Kibo Energy (KIBO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.0065
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.00 (0.00%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 0.0065
KIBO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Timelines are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Metal Tiger enters joint venture with Kibo Mining

Fri, 21st Nov 2014 13:57

Natural resources investing company Metal Tiger has become a significant shareholder in Kibo Mining through a £150,000 equity investment.Metal Tiger reported on Friday that it has entered into a 50/50 joint venture with Kibo on its uranium-prospective portfolio in Tanzania.Moreover, Metal Tiger has agreed to acquire 10m shares in Kibo at a price of 1p per share. Following this subscription it will hold a 3.67% interest in Kibo's issued share capital.As part of the transaction Kibo will also issue Metal Tiger with warrants over 10m new shares in Kibo, exercisable within a three-year term at a price of 3p each.Under the agreed terms, Metal Tiger will pay for ongoing licence renewal fees and other maintenance costs for around 1-3 years at an estimated cost of £100,000.Chief executive Cameron Parry said: "The 50/50 joint venture will provide Metal Tiger with the opportunity to add value to, and benefit from, Kibo's sites with prospectivity for uranium - a strategic metal that the board of Metal Tiger believes should increase in value over the next three years in line with increasing global demand."Through its equity shareholding in Kibo, Metal Tiger will achieve exposure to the near-production stage of the mining cycle phase via Kibo's near-production coal project, as well as gaining exposure to the potential of Kibo's gold assets in Tanzania."As of 13:38 on Friday, Metal Tiger's share price slipped 2.42% to 0.805p per share.
More News
29 Sep 2023 09:15

Kibo Energy interim loss narrows, but still faces liquidity crunch

(Alliance News) - Kibo Energy PLC on Friday reported its first-half loss narrowed as the renewable energy group continued to face a liquidity crunch.

Read more
22 Sep 2023 14:05

Katoro Gold narrows annual loss but cash may run out this month

(Alliance News) - Katoro Gold PLC shares fell sharply on Friday as it announced a narrowed loss but few available cash reserves, and said it needs further funds to support its ongoing working capital.

Read more
22 Sep 2023 12:10

Kibo and Mast Energy shares fall as long-stop date extended again

(Alliance News) - Kibo Energy PLC on Friday said its subsidiary Mast Energy Developments PLC has extended the completion long-stop date for its first joint venture agreement.

Read more
1 Sep 2023 12:36

Kibo subsidiary MED extends joint venture agreement due date

(Sharecast News) - Kibo Energy announced on Friday that its UK-based subsidiary Mast Energy Developments (MED) has extended the long-stop date for the completion of its first definitive and binding joint venture agreement (JVA).

Read more
1 Sep 2023 12:16

Mast Energy further extends joint venture agreement completion date

(Alliance News) - Mast Energy Developments PLC on Friday said it has further extended the completion long-stop date for its joint venture agreement with an institutional investor-led consortium led by Seira Capital Ltd.

Read more
25 Aug 2023 10:46

Mast Energy half-year results hurt by higher expenses

(Alliance News) - Mast Energy Developments PLC on Friday said its interim loss widened on higher costs, while revenue fell.

Read more
4 Aug 2023 07:53

IN BRIEF: Mast Energy extends completion date for joint venture deal

Mast Energy Developments PLC - London-based company which operates reserve power generation plants in the UK - Extends the completion long-stop date for the first definitive and binding joint venture agreement due to "exceptional circumstances". The revised date is now expected around August 31. Mast Energy is a subsidiary of Kibo Energy PLC.

Read more
12 Jul 2023 14:29

Kibo celebrates as shares jump alongside subsidiary on joint venture

(Alliance News) - Kibo Energy PLC on Wednesday said that its subsidiary, Mast Energy Developments PLC, has finalised a joint venture agreement with an institutional investor-led consortium led by Seira Capital Ltd.

Read more
3 Jul 2023 10:48

AIM WINNERS & LOSERS: Yourgene surges on takeover by Novacyt

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

Read more
3 Jul 2023 08:42

IN BRIEF: Kibo Energy funding activities on hold on shareholder vote

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Says all funding activities, including the company's proposed AIM-listed vehicle Ultimate Sustainable Energy, were placed on hold due to delays as a result of "difficulties" at its extraordinary general meeting. Early last month, Kibo reported that five of a total of eight resolutions failed to reach the minimum threshold of 75% of the vote at an EGM. These include equity securities allotment, amendment of the Memorandum of Association and amendment of the Articles of Association. It said back then 35% of shareholders voted against these resolutions.

Read more
29 Jun 2023 08:29

Kibo Energy faces liquidity crunch after posting another annual loss

(Alliance News) - Kibo Energy PLC on Thursday it has sought funding to address a liquidity crunch, as the company continued to post a loss in 2022.

Read more
2 Jun 2023 16:10

IN BRIEF: Kibo Energy faces dissent at extraordinary general meeting

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Says five of a total of eight resolutions failed to reach the minimum threshold of 75% of the vote at an extraordinary general meeting held on Friday. These include equity securities allotment, amendment of the Memorandum of Association and amendment of the Articles of Association. Says 35% of shareholders voted against these resolutions.

Read more
26 May 2023 15:48

UK shareholder meetings calendar - next 7 days

Read more
22 May 2023 18:16

IN BRIEF: Mast Energy allots shares to institutional investors

Mast Energy Developments PLC - London-based company which operates reserve power generation plants in the UK - Allots 11.7 million new shares following receipt of conversion notices from the institutional lender group under the terms of the recent reprofiling agreement on the balance of its outstanding loan facilities announced last week Wednesday.

Read more
18 May 2023 15:14

Kibo Energy reports progress on Mbeya Power Project deal

(Sharecast News) - Shares in renewable power developer Kibo Energy surged on Thursday, after it updated the market on its Mbeya Power Project (MPP).

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.