New Broker Appointment

RNS Number : 6792H

Kibo Mining Plc

17 March 2015

 

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: IE00B97C0C31

("Kibo" or "the Company")

Dated: 17 March  2015

New Broker Appointment

Kibo Mining Plc ("Kibo" or the "Company") (AIM:KIBO; JSE AltX:KBO) the Tanzania focussed mineral exploration and development company is pleased to announce the appointment of a new joint broker.

Further to our announcement earlier today with regard to the position at Hume Capital, the board of Kibo have taken proactive steps to appoint a company joint broker,Beaufort Securities Limited, with immediate effect. As an AIM listed company it is a requirement that we maintain a qualifying broker as an adviser to the Company and this step ensures the Company is in compliance with our listing requirements.

Louis Coetzee CEO of Kibo Mining commented "We are pleased to welcome Beaufort Securities into the Company's advisor base. We consider Beaufort to be a highly regarded and secure partner and look forward to working together.

For clarity, I would reiterate that the balance of recent placing monies currently held in the client money account at Hume Capital is expected to be released to us once FCA approval for the payment is secured in line with normal due process. Subject to administrative handling of this matter we anticipate this financial receipt in due course."

Contacts

Louis Coetzee	[phone]	Kibo Mining plc	Chief Executive Officer
Andreas Lianos	[phone]	River Group	Corporate Adviser and Designated Adviser on JSE
Elliot Hance	[phone]	Beaufort Securities Limited	Broker
Oliver Morse	[phone]	RFC Ambrian Limited	Nominated Adviser on AIM
Daniel Thöle Lucinda Alderson	[phone]	Bell Pottinger	Investor and Media Relations

Johannesburg

17 March 2015

Corporate and Designated Adviser

River Group

 

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