Kibo Mining Plc Share Issue (4319N)
29 January 2016 - 8:00PM
UK Regulatory
TIDMKIBO
RNS Number : 4319N
Kibo Mining Plc
29 January 2016
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 EUR0.015 each in the capital of the Company at a price of 4.7p
to Sanderson Capital Partners Limited ("Sanderson") for a total
value of GBP423,000. The Shares were issued as re-payment of
GBP300,000 of the GBP500,000 loan facility provided by Sanderson to
the Company on the 4(th) 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
GBP200,000 which is repayable in cash together with fees associated
with the loan of GBP50,000.
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 Kibo Mining Chief Executive
2606126 plc Officer
------------------ -------------- ------------------ ---------------------
Corporate Adviser
Andreas Lianos +27 (0) 83 River Group and Designated
4408365 Adviser on JSE
------------------ -------------- ------------------ ---------------------
Beaufort
Jon Belliss +44 (0) 207 Securities Broker
382 8300 Limited
------------------ -------------- ------------------ ---------------------
RFC Ambrian
Oliver Morse +61 8 9480 Limited Nominated Adviser
2500 on AIM
------------------ -------------- ------------------ ---------------------
Daniel Thöle +44 (0) 203
Anna Legge 772 2500 Bell Pottinger Investor and Media
Relations
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Johannesburg
29 January 2016
Corporate and Designated Adviser River Group
This information is provided by RNS
The company news service from the London Stock Exchange
END
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