RESULTS OF THE ANNUAL GENERAL MEETING (6561E)
01 June 2012 - 9:59PM
UK Regulatory
TIDMKIBO
RNS Number : 6561E
Kibo Mining Plc
01 June 2012
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: IE00B61XQX41
("Kibo" or "the Company")
RESULTS OF THE ANNUAL GENERAL MEETING
Shareholders are advised that the annual general meeting of Kibo
held on 31 May 2012 was attended in person and by proxy by
shareholders holding approximately 53% of the shares in Kibo.
All the resolutions proposed were approved by the requisite
number of shareholders and will, where necessary, be registered
with the Companies Registration Office (Ireland).
Enquiries:
Louis Coetzee +27 (0)83 Kibo Mining Chief Executive
2606126 plc Officer
-------------- ------------ ----------------- ------------------
Stuart +61 8 9480 RFC Ambrian Nominated Adviser
Laing 2506 Limited
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Andreas +27 (0)83 River Group Corporate Adviser
Lianos 4408365 and DA on JSE
-------------- ------------ ----------------- ------------------
Nick Bealer +44 (0)207 Cornhill Capital Broker (Corporate
7109612 Ltd Broking)
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Matt Beale +44 (0)7966 Fortbridge Public Relations
389196
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Updates on the Company's activities are regularly posted on its
website www.kibomining.com
General Background & Strategy
Kibo is a public company registered in Ireland (company number
451931). Its registered office is Kibo Mining plc, Suite 3, One
Earlsfort Centre, Lower Hatch Street, Dublin 2, Ireland. Kibo was
established in early 2008 to explore and develop mineral deposits
in Tanzania, East Africa and was admitted to AIM on 27 April 2010
and AltX in South Africa on 30 May 2011.
The Board of Kibo is composed of professionals whose experience
include mineral exploration, mine development, mining finance, tax,
law, mergers and acquisitions, and financial control of public
companies. It is supported by a competent and motivated Tanzanian
staff that operates from Kibo's operations office in Dar es
Salaam.
The mineral assets of the Company comprise three existing and
two newly acquired projects in Tanzania - Haneti (nickel, PGE and
gold), Morogoro (Gold) and Lake Victoria (Gold) which give Kibo
access to over 18,000 km2 of early stage exploration licences in
Tanzania's premier gold mining region, the Lake Victoria Goldfield
and within the newly emerging gold exploration regions in eastern
Tanzania. The Company has recently also acquired, subject to
certain suspensive closing conditions and approvals, coal and
uranium exploration projects as publicly announced on 2 April 2012
in accordance with its multi-commodity exploration strategy.
Kibo's objective is to build shareholder value in a sustainable
manner. This objective will be pursued primarily through active
exploration of its own projects and by using the Company's
experience in Tanzania to acquire attractive exploration and
development assets on competitive terms that can be moved swiftly
up the value curve by using the company's own skills base whilst
also seeking to benefit from strategic collaborative relationships
with industry leaders who have special skills and competencies
within their chosen fields of focus. Kibo will undertake continual
risk assessment of its projects and take whatever actions it
believes are necessary to ensure that these risks are
mitigated.
London
1 June 2012
Corporate and Designated Advisor
River Group
This information is provided by RNS
The company news service from the London Stock Exchange
END
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