2 June 2015
Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company announces the grant of options (“Incentive Options”) over 15.3 million Ordinary Shares of €0.015 each in the capital of the Company to directors, management and staff (the “Recipients”).
The Incentive Options are being issued at an Exercise Price of £0.05 per share, will have a term of three years and are replacing all previously issued and unexpired options held by the Recipients which have now been cancelled. The details of the options held by the Recipients before and after grant of the Incentive Options are set out in the table below.
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