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29 Jan 2016 09:00
Kibo Mining Plc (Incorporated in Ireland) (Registration Number: 451931)
(External registration number: 2011/007371/10) Share code on the JSE Limited: KBO
Share code on the AIM: KIBO ISIN: IE00B97C0C31
("Kibo" or "the Company")
29 January 2016
Share Issue
Kibo Mining plc ("Kibo" or the "Company") (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development Company has today issued 9,000,000 Ordinary Shares (the "Shares") of €0.015 each in the capital of the Company at a price of 4.7p to Sanderson Capital Partners Limited ("Sanderson") for a total value of £423,000. The Shares were issued as re-payment of £300,000 of the £500,000 loan facility provided by Sanderson to the Company on the 4th November 2015 and to cover additional loan related fees and costs under the revised payment terms. As noted in the RNS dated 28 January 2016, the remaining loan balance is £200,000 which is repayable in cash together with fees associated with the loan of £50,000.
Application will be made for the Shares to be admitted to trading on AIM and the JSE AltX markets. Trading in the Shares is expected to commence on AIM and the JSE on or around 3 February 2016 (“Admission”). On completion of Admission the Company will have 339,928,714 shares in issue.
Contacts
Louis Coetzee |
+27 (0) 83 2606126 |
Kibo Mining plc |
Chief Executive Officer |
Andreas Lianos |
+27 (0) 83 4408365 |
River Group | Corporate Adviser and Designated Adviser on JSE |
Jon Belliss |
+44 (0) 207 382 8300 | Beaufort Securities Limited |
Broker |
Oliver Morse |
+61 8 9480 2500 | RFC Ambrian Limited |
Nominated Adviser on AIM |
Daniel Thöle Anna Legge | +44 (0) 203 772 2500 |
Bell Pottinger |
Investor and Media Relations |
Johannesburg
29 January 2016
Corporate and Designated Adviser River Group
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