Kibo Mining- Clarification of CEO Shareholding

Kibo Mining- Clarification of CEO Shareholding

2014-10-22T20:38:40+00:00October 10th, 2014|

In Kibo’s announcement of 31 July 2014 “Kibo Mining Plc Results of Annual General Meeting and Completion of Placing Announced on 14 July 2014”, it was disclosed that Louis Coetzee, Kibo’s CEO, held 7,133,284 shares in the Company following his participation in this placing of 1,533,381 shares. This disclosure was incorrect and Mr Coetzee in fact held 5,876,998 shares in the Company following his participation in the placing at 14 July 2014.

As disclosed on 8 October 2014, following his participation in the placing announced on that day of 888,998 shares, Mr Coetzee now holds 6,765,996 shares in Kibo. He has not disposed of any of the Kibo shares he holds in the Company during the period between 31st July and 8th October.

Contacts:
Louis Coetzee +27 (0)83 2606126 Kibo Mining plc Chief Executive Officer
Andreas Lianos +27 (0)83 4408365 Kibo Mining plc
& River Group
Executive Director, Corporate
Adviser and Designated Adviser on JSE
Jon Belliss + 44 (0) 20 3216 2630 Hume Capital
(Previously XCAP)
Broker
Oliver Morse
Trinity McIntyre
+61 8 94802500 RFC Ambrian Limited Nominated Adviser on AIM
Daniel Thöle
Lydia Eades
+44 (0) 207 8611606
+44 (0) 207 8613126
Bell Pottinger Investor and Media Relations

 

Kibo Mining – Notes to editors

Kibo was established in early 2008 to explore and develop mineral deposits in Tanzania. The Company was admitted to AIM in London on 27 April 2010 and the AltX in Johannesburg on 30 May 2011. The Company is developing the Rukwa mouth-of-mine thermal power station and controls one of Tanzania’s largest mineral right portfolios, including the Haneti (nickel, PGE and gold), Morogoro (gold), Lake Victoria (gold), and Pinewood (coal & uranium) projects.

Its projects are located both in the established and gold prolific Lake Victoria Goldfields, the emerging goldfields of eastern Tanzania and the Mtwara Corridor in southern Tanzania where the Government has prioritised infrastructural development attracting significant recent investment in coal and uranium.

Kibo’s objective is to build shareholder value sustainably. This will be achieved primarily through exploration of its own projects and leveraging the Company’s experience in Tanzania to acquire exploration and development assets on competitive terms. The focus is on assets that can be moved swiftly up the value curve whilst benefitting from strategic relationships with industry leaders with special skills and competencies within their chosen fields.

Updates on the Company’s activities are regularly posted on its website www.kibo.energy

Johannesburg
10 October 2014

Corporate and Designated Adviser
River Group

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AIM Share Price
(Ticker: KIBO)
0.40p Change +0.00p
at 08:00 AM on 13 Dec 2019

JSE Share Price
(Ticker: KBO)
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