RNS29 Apr 2009 17:10
Shareholders are advised that Kiwara is in advanced discussions with the IFC which, if successfully concluded, may have a material effect on the price of the company's securities. Following field due diligence, the IFC is considering an equity investment of US$6 million coupled with a warrants package ('the proposed investment'). In accordance with the standard procedures of the IFC, a summary of the proposed investment has now been disclosed to the public by the IFC in advance of consideration by the IFC Board of Directors of the proposed investment.