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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Kiwara | LSE:KIW | London | Ordinary Share | GB0007702953 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 77.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 5018L Kiwara PLC 13 January 2009 JSE - KWR AIM - KIW ISIN - GB0007702953 13 January 2009 Kiwara plc ("Kiwara" or the "Company") Issue of shares Following New Africa Mining Fund's ("NAMF") agreement to swap its 25% interest in Kiwara Zambia Ltd ("Kiwara Zambia") for 8,880,796 Kiwara ordinary shares of GBP0.01 each, the Company is pleased to announce that South African Reserve Bank approval has now been granted to complete this transaction. Upon issue of the newly allotted shares to NAMF, Kiwara will hold a 100% interest in its subsidiary Kiwara Zambia which currently holds 75% of the issued share capital of Kalumbila Minerals Ltd. Application has been made to the London Stock Exchange and the JSE Limited for 8,880,796 new Ordinary Shares of GBP0.01 to be admitted to trading. Dealing is expected to commence in these shares on 14 January 2009. The total number of Kiwara Ordinary shares of 1p each outstanding following this issue of shares will be 174,365,806. NAMF's holding in Kiwara will increase to 13,880,796 ordinary shares representing 7.96% of the issued share capital of the Company. About Kiwara: Kiwara is an exploration company with a focus on base metals in the Republic of Zambia, which is a major copper producing country. Kiwara, through its majority owned subsidiary, Kalumbila Minerals, holds Prospecting Licence 267 which is within the Kabompo Dome in North Western Zambia, a geologically complex antiformal feature, which contains a number of base metal and uranium targets. This is within the area considered to be the western extension of the Copperbelt, an increasingly significant mining area that contains the recently developed Kansanshi and Lumwana copper mines. For further information, please contact: Kiwara Plc Tel: +44 (0)207 581 4477 Colin Bird, Chairman Peter Vivian-Neal, Chief Executive Officer Tel: +260 (0) 211 293899 Investec Bank, Johannesburg Robert Smith / Gavin Hall Tel: +27 (0) 11 286 7326 Investec Bank (UK) Limited Tel: +44 (0) 20 7597 5000 Gerard Kisbey-Green / Jan Bosch Bishopsgate Communications Ltd Tel: +44 (0)20 7562 3366 Nick Rome This information is provided by RNS The company news service from the London Stock Exchange END MSCQLLFFKFBLBBL
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