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 57 048 352 new ordinary shares of Eur. 0.015 in the capital of the Company with clients of Kibo’s UK Broker, Hume Capital Securities Plc and River Capital Partners LTD, at a placing price of 1.5p per share (the “Placing Shares”), to raise gross proceeds of £855,725 before expenses (the “Placing”). Kibo’s directors and senior management are participating in the Placing for a cumulative amount of £55, 725 and will be participating on the same terms as other investors.
The Directors’ shareholding in the Company before and after the Placing is shown on the table below…
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[ott_teaser btn_text=”Download” btn_icon=”icon-right-big” btn_url=”https://kibo.energy/wp-content/uploads/Final-RNS-Placing-October-2014.pdf” btn_target=”_blank”]Kibo Raises £855,725 in Share Placing[/ott_teaser]