KIBO MINING PLC - Update on Proceeds of Hume Placing

Update on Proceeds of Hume Placing

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")

26 August 2015

Update on Proceeds of Hume Placing

Kibo Mining Plc ("Kibo" or the "Company") (AIM:KIBO; JSE AltX: KBO), the Tanzania focused 
mineral exploration and development company, is pleased to provide the following update to the 
announcement it made on 18 June 2015, regarding the delayed receipt of final proceeds from its 
February placing, due to the fact that the Company's previous brokers Hume Capital Securities plc 
("Hume Capital") had appointed administrators.

The Company is pleased to announce that following a Court order at a hearing on the 10th August 
2015 approving the Client Money Distribution Procedure, the Joint Special Administrators issued 
a notice (the "Notice") to clients (including Kibo) dated  20th August 2015 on the procedures 
pertaining to the distribution of the Client Money Pool.

Pursuant to the terms of this Notice, the Joint Special Administrators client monies will be 
distributed by earliest on the 2nd October 2015 (the "Date of Proving"), but no later than within 
two months from the 2nd October 2015. 

As previously announced, Kibo understands that substantially all of the £526,000 (representing the 
consideration for 10,520,000 shares which were to be issued to third party investors) which had 
been paid into Hume Capital's client money account, will be released to Kibo, less a small 
proportion representing costs of the administration.

Further updates will be provided to investors as it becomes available to the Company.

Louis Coetzee, CEO of Kibo Mining, said: "We are pleased that all uncertainty related to the 
February Hume placing has now been removed. Kibo will receive substantially all of the £526,000 
still owed to the Company and this will have a significantly positive impact on the Company's 
cash position."


Contacts


Louis Coetzee
+27 (0) 83 2606126
Kibo Mining plc
Chief Executive Officer

Andreas Lianos
+27 (0) 83 4408365
River Group
Corporate Adviser and Designated Adviser on JSE

Jon Belliss
+44 (0) 207 382 8300
Beaufort Securities Limited

Broker
Oliver Morse
+61 8 9480 2500
RFC Ambrian Limited
Nominated Adviser on AIM

Daniel Thšle 
+44 (0) 203 772 2500
Bell Pottinger
Investor and Media Relations

Johannesburg 
26 August 2015
Corporate and Designated Adviser
River Group



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