Clarification re CEO shareholding

RNS Number : 9708T

Kibo Mining Plc

10 October 2014

 

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")

 10 October 2014

Clarification re CEO shareholding

In Kibo's announcement of 31 July 2014 "Kibo Mining Plc Results of Annual General Meeting and Completion of Placing Announced on 14 July 2014", it was disclosed that Louis Coetzee, Kibo's CEO, held 7,133,284 shares in the Company following his participation in this placing of 1,533,381 shares. This disclosure was incorrect and Mr Coetzee in fact held 5,876,998 shares in the Company following his participation in the placing at 14 July 2014.

As disclosed on 8 October 2014, following his participation in the placing announced on that day of 888,998 shares, Mr Coetzee now holds 6,765,996 shares in Kibo. He has not disposed of any of the Kibo shares he holds in the Company during the period between 31^st July and 8^th October.

Contacts

Louis Coetzee	[phone]	Kibo Mining plc	Chief Executive Officer
Andreas Lianos	[phone]	Kibo Mining plc & River Group	Executive Director, Corporate Adviser and Designated Adviser on JSE
Jon Belliss	+ 44 (0) 20 3216 2630	Hume Capital (Previously XCAP)	Broker
Oliver Morse Trinity McIntyre	[phone]	RFC Ambrian Limited	Nominated Adviser on AIM
Daniel Thöle Lydia Eades	[phone] [phone]	Bell Pottinger	Investor and Media Relations

Kibo Mining - Notes to editors

Kibo was established in early 2008 to explore and develop mineral deposits in Tanzania. The Company was admitted to AIM in London on 27 April 2010 and the AltX in Johannesburg on 30 May 2011. The Company is developing the Rukwa mouth-of-mine thermal power station and controls one of Tanzania's largest mineral right portfolios, including the Haneti (nickel, PGE and gold), Morogoro (gold), Lake Victoria (gold), and Pinewood (coal & uranium) projects.

Its projects are located both 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 prioritised infrastructural development attracting significant recent investment in coal and uranium.

Kibo's objective is to build shareholder value sustainably. This will be achieved primarily through exploration of its own projects and leveraging the Company's experience in Tanzania to acquire exploration and development assets on competitive terms. The focus is on assets that can be moved swiftly up the value curve whilst benefitting from strategic relationships with industry leaders with special skills and competencies within their chosen fields.

Updates on the Company's activities are regularly posted on its website www.kibomining.com 

Johannesburg

10 October 2014

Corporate and Designated Adviser

River Group

 

END

 

 

RDSGGGMUUUPCUMU