Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development company, proposes to adjourn its Annual General Meeting scheduled for 3 p.m. on Friday, 27th April 2012 at the Hotel Meyrick, Eyre Square, Galway, Ireland to 2 p.m. on Thursday, 31st May 2012 at the same venue.
The proposed adjournment of the Annual General Meeting is required due to service difficulties outside the control of the Company, whereby some Shareholders have not received the Notice of Annual General Meeting within the required timescales. A revised Notice of Annual General Meeting will be posted to all Shareholders this week.
|Louis Coetzee||+27 (0)83 2606126||Kibo Mining plc||Chief Executive Officer|
|Noel O’Keeffe||+353 (0)91 865367||Kibo Mining plc||Exploration Director|
|John Simpson||+44 (0)207 016 8912||Daniel Stewart & Company Plc||Nominated Adviser|
|Andreas Lianos||+27 (0)83 4408365||River Group||Designated Adviser|
|Nick Bealer||+44 (0)207 710 9612||Cornhill Capital Ltd||Broker (Corporate Broking)|
|Andrew Frangos||+44 (0)207 7109610||Cornhill Capital Ltd||Broker (Corporate Finance)|
|Matt Beale||+44 (0)7966 389 196||Fortbridge Consulting UK||Public Relations|
Notes to Editors:
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 highly experienced professionals spanning mineral exploration, mine development, mining finance and financial control of public companies. It is supported by well trained and highly motivated Tanzanian staff that operates from Kibo’s exploration offices in Dar es Salaam and Mwanza.
The mineral assets of the Company comprise three projects in Tanzania – Haneti (nickel, platinoid elements and gold), Morogoro (Gold) and Lake Victoria (Gold) which give Kibo access to over 18,000 sq. km 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
Kibo’s objective is to enhance Shareholder value through acquisition, exploration and development of mineral assets in Tanzania. This objective will be pursued primarily through active exploration, particularly drilling on its current projects and by using the Company’s experience in Tanzania to acquire further quality mineral projects on competitive terms that can be quickly evaluated and taken to the next stage of development. Kibo will undertake continual risk assessment of its projects and take whatever actions it believes are necessary to ensure that these risks are mitigated.
[ott_teaser btn_text=”Download” btn_icon=”icon-right-big” btn_url=”http://kibo.energy/wp-content/uploads/RNS-Announcement-Kibo-Re-schedule-of-AGM-dated-170412.pdf” btn_target=”_blank”]Kibo Mining Re-scheduling of AGM[/ott_teaser]