Appointment of Director

RNS Number : 1030A

Kibo Mining Plc

14 February 2014

 

Kibo Mining Plc

(Incorporated in Ireland)

Registration Number: 451931

(External registration number: 2011/007371/10)

Share code on the JSE: KBO

Share code on the AIM: KIBO

ISIN: IE00B61XQX41

("Kibo" or "the Company")

February 14, 2014

Appointment of Director

Kibo is pleased to announce that its Board of Directors ("the Board") has approved the appointment of Mr. Andreas Lianos ("Andrew") as an Executive Director of the Company.

The appointment is effective from 1 March 2014 and a brief CV of Andreas Lianos is set out below:

Andrew (aged 47) is a chartered accountant (CA (SA)), certified management accountant (ACMA), certified internal auditor (CIA) and JSE qualified executive who started his professional career in 1989 with Grant Thornton International.

Andrew entered the corporate finance industry in 1994 by joining Deloitte & Touche Corporate Finance. In 1996 he joined Smith Borkum Hare/Merrill Lynch Corporate Finance, and was part of the team that founded Labyrinth Corporate Finance during 1997. He has substantial transaction experience in the resources, food- and leisure industries. Andrew has served on the boards of a number of private and public companies.

Andrew co-founded the River Group, Kibo's JSE Designated and Corporate Advisor and is a director of River Capital Partners Ltd and River Sponsor Services (Pty) Ltd (Trading as River Group). He is also currently a director of Boudica Trust Co Limited (trading as Boudica Group) and a director of Mzuri Exploration Services Ltd and Mzuri Capital Group Ltd (trading as Mzuri Group), which was the largest shareholder in Kibo until December 2013 when it distributed all its shares to its shareholders as reported to the market on 20 December 2013.

Andrew has been involved in a number of successful cross-border restructurings and resource transactions in Canada, the Central African Republic, Sierra Leone, Angola, Zambia, Zimbabwe, Tanzania and South Africa.

Andrew has an interest in 500 000 shares in the Company which are held by River Group.

Kibo CEO Louis Coetzee commented: "We are pleased to welcome Andrew as a Director of Kibo. His wealth of experience and knowledge will add to the strength of the Kibo Board but it is particularly as a member of the Kibo EXCO where his contribution will be the most valuable"

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, 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 

Contacts 

Louis Coetzee	+ 27 (0)83 2606126	Kibo Mining plc	Chief Executive Officer
Andreas Lianos	+ 27 (0)83 4408365	River Group	Corporate and Designated Adviser on JSE
Jon Belliss	+ 44 (0) 20 3216 2630	Hulme (Previously XCAP)	Broker
Stuart Laing	+ 61 8 94802500	RFC Ambrian Limited	Nominated Adviser on AIM
Daniel Thöle Lydia Eades	[phone]	Bell Pottinger	Investor and Media Relations

Johannesburg

14 February 2014

Corporate and Designated Adviser

River Group

 

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