{"id":5982,"date":"2016-12-21T14:59:20","date_gmt":"2016-12-21T14:59:20","guid":{"rendered":"https:\/\/kibo.energy\/?p=5982"},"modified":"2016-12-21T14:59:20","modified_gmt":"2016-12-21T14:59:20","slug":"share-issue-8","status":"publish","type":"post","link":"https:\/\/kibo.energy\/index.php\/share-issue-8\/","title":{"rendered":"Share Issue"},"content":{"rendered":"<h5>21 December 2016<\/h5>\n<p style=\"text-align: justify;\">Kibo Mining plc (\u201cKibo\u201d or the \u201cCompany\u201d) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company, has today elected to make a first drawdown under the terms of the forward payment facility provided by Sanderson Capital Partners Limited (\u201cSanderson\u201d) (the \u201cFacility\u201d), the details of which were announced in the Company\u2019s RNS earlier today.<\/p>\n<p style=\"text-align: justify;\"><!--more--><\/p>\n<p style=\"text-align: justify;\">In accordance with the terms of the Facility, the Company has today allotted 8,507,160 Ordinary Shares in Kibo to Sanderson (the \u201cFacility Shares\u201d) following receipt of the first payment of USD 310,000. The Facility Shares were issued at a price of 6.97p, being Kibo\u2019s 30 day VWAP to 20 December 2016.<\/p>\n<p style=\"text-align: justify;\">In addition, Kibo has also allotted 1,024,993 Ordinary Shares in Kibo to its broker, Beaufort Securities Limited, to the value of GBP 71,442 (the \u201cAdvisory Fee Shares\u201d). The Advisory Fee shares were also issued at Kibo\u2019s 30 day VWAP price of 6.97p and have been issued in respect of advisory services provided by Beaufort in relation to arranging the Facility.<\/p>\n<p style=\"text-align: justify;\">Together the Discount Shares and the Advisory Shares (together the \u201cShare Issue\u201d) amount to a total of 9,532,153 shares.<\/p>\n<p style=\"text-align: justify;\">The Share Issue has been settled from the remaining shares in the Company\u2019s treasury account of 1,159,302 (\u201cTreasury Shares\u201d) and the issue of 8,372,851 new Kibo shares (\u201cNew Shares\u201d).<\/p>\n<p style=\"text-align: justify;\">The Treasury Shares have already been admitted to trading on AIM so no further application for their admission to AIM is now required. An application for the New Shares to be admitted to trading on AIM (\u201cAIM Admission\u201d) and the JSE (\u201cJSE Admission\u201d) is required and pending admission to AIM and the JSE, the New Shares are expected to commence trading on or about the 29th December 2016.<\/p>\n<p>On completion of AIM and JSE Admission the Company will have 363,976,596 shares in issue.<\/p>\n<h5><strong>Download Full Report<\/strong><\/h5>\n<p>[ott_teaser btn_text=&#8221;Download&#8221; btn_icon=&#8221;icon-right-big&#8221; btn_url=&#8221;https:\/\/kibo.energy\/wp-content\/uploads\/Final-RNS_1st-Sanderson-Drawdown_V3.1_211216.pdf&#8221; btn_target=&#8221;_blank&#8221;]Share Issue[\/ott_teaser]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>21 December 2016 Kibo Mining plc (\u201cKibo\u201d or the \u201cCompany\u201d) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company, has today elected to make a first drawdown under the terms of the forward payment facility provided by Sanderson Capital Partners Limited (\u201cSanderson\u201d) (the \u201cFacility\u201d), the details of which were announced in the<\/p>\n","protected":false},"author":31,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[47],"tags":[],"class_list":["post-5982","post","type-post","status-publish","format-standard","hentry","category-news"],"modified_by":null,"_links":{"self":[{"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/posts\/5982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/comments?post=5982"}],"version-history":[{"count":1,"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/posts\/5982\/revisions"}],"predecessor-version":[{"id":5983,"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/posts\/5982\/revisions\/5983"}],"wp:attachment":[{"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/media?parent=5982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/categories?post=5982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/tags?post=5982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}