Kibo Issues of Shares for Cash

Kibo  Mining  plc  (“Kibo”  or  the  “Company”)  (AIM:  KIBO;  AltX:  KBO),  the  mineral exploration and development company focused on gold, nickel, coal and uranium projects in Tanzania, is pleased to announce that it has issued2 356 548 new ordinary shares of Eur0.015 (“Ordinary  Shares”)  at  5p  per  share  (the  “Placing  Shares”)  for  cash,  to  settle  all  currently outstanding creditors. With the issue of these shares the board is pleased to announce that the Company has no outstanding debt or creditors.Application will be made for the Placing Shares to be admitted to trading on AIM and the JSE AltX markets. Trading in the Placing Shares is expected to commence on AIM and the JSE on or  around  the  7  October  2013  (“Admission”).  On  Admission,  the  Company  will  have 141,116,691 Ordinary Shares in issue.

Louis  Coetzee,  CEO  of  the  Company,  commented:

“We  are  very  pleased  to  announce  that Kibo is now completely debt and creditor free and that all our resources can be focused on the aggressive and diligent development of the various  projects in Kibo, most notably the Rukwa Coal  to  Power  Project  and  the  Imweru  and  Lubando  gold  projects  recently  reported  on  in earlier announcements.”

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[ott_teaser btn_text=”Download” btn_icon=”icon-right-big” btn_url=”https://kibo.energy/wp-content/uploads/Kibo-Creditors-and-Debt_SENS_300913x.pdf” btn_target=”_blank”]Kibo Issues of Shares for Cash – Settles all Creditors [/ott_teaser]