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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% | 0.0375 | 0.035 | 0.04 | 0.0375 | 0.036 | 0.0375 | 0.00 | 08:00:03 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 1.04M | -9.78M | -0.0026 | -0.15 | 1.51M |
TIDMKIBO
RNS Number : 2304Y
Kibo Mining Plc
01 March 2017
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: IE00B97C031
("Kibo" or "the Company")
Dated: 01 March 2017
Notifiable Holding Change
Kibo Mining plc (the "Company") announces that it has today received formal notice from Sanderson Capital Partners Ltd ("Sanderson") that it and related parties currently hold 10 977 994 shares in the Company, representing 3.02% of Kibo's issued share capital as per the Form RT-1 declaration below.
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) ------------------------------------------------------------------------------------------- 1. Identity of the issuer or KIBO MINING PLC ORD EUR0.015 the underlying issuer of existing shares to which voting rights are attached: (ii) ----------------------------------------------------------- ------------------------------ 2 Reason for the notification (please tick the appropriate box or boxes): ------------------------------------------------------------------------------------------- An acquisition or disposal of voting rights X ------------------------------------------------------------ ----------------------------- An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached ------------------------------------------------------------ ----------------------------- An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments ------------------------------------------------------------ ----------------------------- An event changing the breakdown of voting rights ------------------------------------------------------------ ----------------------------- Other (please specify): ---------------------------------------------------------- ----------------------------- 3. Full name of person(s) SANDERSON CAPITAL PARTNERS subject to the LTD and RELATED PARTIES notification obligation: (iii) ----------------------------------------------------------- ------------------------------ 4. Full name of shareholder(s) (if different from 3.):(iv) ----------------------------------------------------------- ------------------------------ 5. Date of the transaction 24 FEBRUARY 2017 and date on which the threshold is crossed or reached: (v) ----------------------------------------------------------- ------------------------------ 6. Date on which issuer 27 FEBRUARY 2017 notified: ----------------------------------------------------------- ------------------------------ 7. Threshold(s) that is/are crossed or reached: (vi, vii) 3% ----------------------------------------------------------- ------------------------------ 8. Notified details: ---------------------------------------------------------------------------------------------------------------------- A: Voting rights attached to shares (viii, ix) ---------------------------------------------------------------------------------------------------------------------- Class/type Situation previous Resulting situation after the of to the triggering triggering transaction shares transaction if possible using the ISIN CODE ------------- -------------------------------- --------------------------------------------------------------------- Number Number Number Number of % of voting of of of shares voting rights (x) Shares Voting rights Rights ------------- --------------- --------------- ------------- --------------------------- ------------------------- Direct Direct Indirect Direct Indirect (xi) (xii) ------------- ----------- ----------- ------------- ------------- ------------ ------------ ----------- IE00B97C0C31 10,650,194 10,650,194 10,977,994 10,977,994 3.02% --------------- --------------- ------------- ------------- ------------ ------------ ----------- B: Qualifying Financial Instruments ---------------------------------------------------------------------------------------------------------------------- Resulting situation after the triggering transaction ---------------------------------------------------------------------------------------------------------------------- Type of Expiration Exercise/ Number of voting % of voting financial date Conversion rights that rights instrument (xiii) Period (xiv) may be acquired if the instrument is exercised/ converted. ----------------- ------------- ------------------------------ ----------------------------- --------------------- C: Financial Instruments with similar economic effect to Qualifying Financial Instruments (xv, xvi) ---------------------------------------------------------------------------------------------------------------------- Resulting situation after the triggering transaction ---------------------------------------------------------------------------------------------------------------------- Type of Exercise Expiration Exercise/ Number of voting % of voting financial price date Conversion rights instrument rights (xix, instrument (xvii) period refers to xx) (xviii) --------------- ------------- ------------- --------------- ----------------------------- ----------------------- Nominal Delta --------------- ------------- ------------- --------------- ----------------------------- ------------ --------- Total (A+B+C) ---------------------------------------------------------------------------------------------------------------------- Number of voting rights Percentage of voting rights ------------------------------------------------- ------------------------------------------------------------------- 10,977,994 3.02% ------------------------------------------------- ------------------------------------------------------------------- 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: (xxi) ----------------------------------------------------------------------------- Proxy Voting: ----------------------------------------------------------------------------- 10. Name of the proxy holder: ------------------------------------------------------------- -------------- 11. Number of voting rights proxy holder will cease to hold: ------------------------------------------------------------- -------------- 12. Date on which proxy holder will cease to hold voting rights: ------------------------------------------------------------- -------------- 13. Additional information: ------------------------------------------------------------- -------------- 14. Contact name: Sanjeev Verma ------------------------------------------------------------- -------------- 15. Contact telephone number: 0207 382 8434 ------------------------------------------------------------- -------------- Note: Annex should only be submitted to the FCA not the issuer Annex: Notification of major interests in share A: Identity of the persons or legal entity subject to the notification obligation -------------------------------------------------------- Full name (including legal form of legal entities) ------------------------------------------------------ Contact address (registered office for legal entities) ------------------------------------------------------ Phone number & email ------------------------------------------------------ Other useful information (at least legal representative for legal persons) ------------------------------------------------------ B: Identity of the notifier, if applicable -------------------------------------------------------- Full name ------------------------------------------------------ Contact address ------------------------------------------------------ Phone number & email ------------------------------------------------------ Other useful information (e.g. functional relationship
with the person or legal entity subject to the notification obligation) ------------------------------------------------------ C: Additional information -------------------------------------------------------- For notes on how to complete form TR-1 please see the FCA website.
Contacts
Louis Coetzee +27 (0) 83 Kibo Mining Chief Executive 2606126 plc Officer ---------------- ------------- -------------------- -------------------- Andreas +27 (0) 83 River Group Corporate Adviser Lianos 4408365 and Designated Adviser on JSE ---------------- ------------- -------------------- -------------------- Jon Belliss +44 (0) 207 Beaufort Securities Broker 382 8300 Limited ---------------- ------------- -------------------- -------------------- Oliver +61 8 9480 RFC Ambrian Nominated Adviser Morse 2500 Limited on AIM ---------------- ------------- -------------------- -------------------- Liz Morley +44 (0) 203 Bell Pottinger Investor and / 772 2500 Media Relations Anna Legge ---------------- ------------- -------------------- --------------------
Kibo Mining - Notes to editors
Kibo Mining is listed on the AIM market in London and the AltX in Johannesburg. The Company is focused on exploration and development of mineral projects in Tanzania, and controls one of Tanzania's largest mineral right portfolios. Tanzania provides a secure and stable operating environment for the mineral resource industry and Kibo Mining therein.
Kibo Mining holds a thermal coal deposit at Mbeya, which has a significant NI 43-101 compliant defined resource, and is developing a 250-350 MW mouth-of-mine thermal power station, the Mbeya Coal to Power Project ("MCPP"), previously called Rukwa Coal to Power Project ("RCPP"), with an established management team that includes ABSA / Barclays as Financial Advisor. Kibo has completed a Coal Mining Definitive Feasibility Study and a Power Pre- Feasibility Study for the Mbeya project and has recently announced the completion of an integrated Bankable Feasibility Study report for the project. On 25 August 2016, Kibo signed an Agreement with China based EPC contractor SEPCO III granting it the right to become the sole bidder for the EPC contract to build the power plant component of the MCPP in exchange for SEPCO III refunding 50% of the development costs incurred by Kibo to date on the project. Kibo has already received the first tranche of this funding in the amount of US$1.8 million on the 5th September 2016
The Company also has extensive gold focused interests including Lake Victoria Goldfields and Morogoro projects. At Lake Victoria, the Company has 100% owned projects with a 550,000 oz. JORC compliant gold Mineral Resource at the Imweru Project and a 168,000 oz. NI 43-101 compliant gold Mineral Resource at the Lubando Project. The Company is currently undertaking a Definitive Feasibility Study on its Imweru Project.
Kibo also holds the Haneti Project on which the latest technical report confirms prospectivity for nickel, PGMs, gold and strategic metals including lithium.
Kibo Mining further holds the Pinewood (coal & uranium) project where the company has entered into a 50/50 Exploration Joint Venture with Metal Tiger plc.
Finally, the Company also holds the Morogoro (gold) project where the company has also entered into a 50/50 Exploration Joint Venture with Metal Tiger plc.
The Company's projects are located in the established and gold prolific Lake Victoria Goldfields, the emerging goldfields of eastern Tanzania and the Mtwara Corridor in southern Tanzania where the Government has prioritized infrastructural development attracting significant recent investment in coal and uranium. The Company has a positive working relationship with the Tanzanian government at local, regional and national levels and works hard to maintain positive relationships with all communities where company interests are held. The Company recognizes the potential to enhance the quality of life and opportunity for Tanzanian citizens through careful development of its projects.
Updates on the Company's activities are regularly posted on its website www.kibomining.com
Johannesburg
1 March 2017
Corporate and Designated Adviser
River Group
This information is provided by RNS
The company news service from the London Stock Exchange
END
HOLJBMTTMBJMBBR
(END) Dow Jones Newswires
March 01, 2017 07:50 ET (12:50 GMT)
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