Kibo Mining raises £1,500,000 in Share Placing

21 April 2015

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development Company is pleased to announce it has received commitments to a share placing of 25,000,000 new ordinary shares of Eur. 0.015 in the capital of the Company with clients of Kibo’s UK Broker, Beaufort Securities Limited, at a placing price of 6p per share (the “Placing Shares”), to raise gross proceeds of £1,500,000 before expenses (the “Placing”).

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 27 April 2015 (“Admission”). On completion of Admission the Company will have 328,238,757 shares in issue.

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