Dated: 17 March 2015
Kibo Mining Plc (“Kibo” or the “Company”) (AIM:KIBO; JSE AltX:KBO) the Tanzania focussed mineral exploration and development company is pleased to announce the appointment of a new joint broker.
Further to our announcement earlier today with regard to the position at Hume Capital, the board of Kibo have taken proactive steps to appoint a company joint broker, Beaufort Securities Limited, with immediate effect. As an AIM listed company it is a requirement that we maintain a qualifying broker as an adviser to the Company and this step ensures the Company is in compliance with our listing requirements.
Louis Coetzee CEO of Kibo Mining commented “We are pleased to welcome Beaufort Securities into the Company’s advisor base. We consider Beaufort to be a highly regarded and secure partner and look forward to working together.
For clarity, I would reiterate that the balance of recent placing monies currently held in the client money account at Hume Capital is expected to be released to us once FCA approval for the payment is secured in line with normal due process. Subject to administrative handling of this matter we anticipate this financial receipt in due course.”
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