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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Kibo Energy Plc | LSE:KIBO | London | Ordinary Share | IE00B97C0C31 | ORD EUR0.0001 (CDI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.012 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 1.04M | -9.78M | -0.0022 | -0.05 | 523.31k |
TIDMKIBO
RNS Number : 6561E
Kibo Mining Plc
01 June 2012
Kibo Mining Plc
(Incorporated in Ireland)
(Registration Number: 451931)
(External registration number: 2011/007371/10)
Share code on the JSE Limited: KBO
Share code on the AIM: KIBO
ISIN: IE00B61XQX41
("Kibo" or "the Company")
RESULTS OF THE ANNUAL GENERAL MEETING
Shareholders are advised that the annual general meeting of Kibo held on 31 May 2012 was attended in person and by proxy by shareholders holding approximately 53% of the shares in Kibo.
All the resolutions proposed were approved by the requisite number of shareholders and will, where necessary, be registered with the Companies Registration Office (Ireland).
Enquiries:
Louis Coetzee +27 (0)83 Kibo Mining Chief Executive 2606126 plc Officer -------------- ------------ ----------------- ------------------ Stuart +61 8 9480 RFC Ambrian Nominated Adviser Laing 2506 Limited -------------- ------------ ----------------- ------------------ Andreas +27 (0)83 River Group Corporate Adviser Lianos 4408365 and DA on JSE -------------- ------------ ----------------- ------------------ Nick Bealer +44 (0)207 Cornhill Capital Broker (Corporate 7109612 Ltd Broking) -------------- ------------ ----------------- ------------------ Matt Beale +44 (0)7966 Fortbridge Public Relations 389196 -------------- ------------ ----------------- ------------------
Updates on the Company's activities are regularly posted on its website www.kibomining.com
General Background & Strategy
Kibo is a public company registered in Ireland (company number 451931). Its registered office is Kibo Mining plc, Suite 3, One Earlsfort Centre, Lower Hatch Street, Dublin 2, Ireland. Kibo was established in early 2008 to explore and develop mineral deposits in Tanzania, East Africa and was admitted to AIM on 27 April 2010 and AltX in South Africa on 30 May 2011.
The Board of Kibo is composed of professionals whose experience include mineral exploration, mine development, mining finance, tax, law, mergers and acquisitions, and financial control of public companies. It is supported by a competent and motivated Tanzanian staff that operates from Kibo's operations office in Dar es Salaam.
The mineral assets of the Company comprise three existing and two newly acquired projects in Tanzania - Haneti (nickel, PGE and gold), Morogoro (Gold) and Lake Victoria (Gold) which give Kibo access to over 18,000 km2 of early stage exploration licences in Tanzania's premier gold mining region, the Lake Victoria Goldfield and within the newly emerging gold exploration regions in eastern Tanzania. The Company has recently also acquired, subject to certain suspensive closing conditions and approvals, coal and uranium exploration projects as publicly announced on 2 April 2012 in accordance with its multi-commodity exploration strategy.
Kibo's objective is to build shareholder value in a sustainable manner. This objective will be pursued primarily through active exploration of its own projects and by using the Company's experience in Tanzania to acquire attractive exploration and development assets on competitive terms that can be moved swiftly up the value curve by using the company's own skills base whilst also seeking to benefit from strategic collaborative relationships with industry leaders who have special skills and competencies within their chosen fields of focus. Kibo will undertake continual risk assessment of its projects and take whatever actions it believes are necessary to ensure that these risks are mitigated.
London
1 June 2012
Corporate and Designated Advisor
River Group
This information is provided by RNS
The company news service from the London Stock Exchange
END
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