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KBO - Kibo Mining Plc - Change of Adviser

Release Date: 03/08/2011 14:00
Code(s): KBO
Wrap Text

KBO - Kibo Mining Plc - Change of Adviser 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") Change of Adviser Kibo Mining plc ("Kibo" or the "Company") (AIM, KIBO: JSE, KBO) the mineral exploration and development company focused on gold and nickel projects in Tanzania, is pleased to announce the appointment of Cornhill Capital Limited as the Company`s sole Corporate Broker, as required under the AIM Rules, with effect from Wednesday 3 August 2011. Commenting today, Noel O`Keeffe, Chief Executive Officer of Kibo said: "I am pleased to appoint Cornhill Capital Limited as the sole Corporate Broker to the Company, who have provided innovative funding raisings for AIM companies over the years, and who specialise in the resource sector". About Kibo Mining The Company`s objective is to enhance shareholder wealth through acquisition, exploration and development of mineral assets in Tanzania. This objective will be pursued primarily through active exploration, particularly drilling on its current projects and by using the Company`s experience in Tanzania to acquire further quality mineral projects on competitive terms that can be quickly evaluated and taken to the next stage of development. The Company will undertake continual risk assessment of its projects and take whatever actions it believes are necessary to ensure that these risks are mitigated. The Board of Kibo is composed of highly experienced professionals spanning mineral exploration, mine development, mining finance and financial control of public companies. It is supported by well trained and highly motivated Tanzanian staff who operate from Kibo`s exploration office in Tanzania`s second largest city, Mwanza, located in Tanzania`s main gold producing region, The Lake Victoria Goldfields, in the north of the country. The assets of the Company are interests in two resource based gold projects - Itetemia and Luhala, and an extensive portfolio of early stage exploration ground at Haneti (Nickel - Platinum-Gold), Morogoro (Gold) and Lake Victoria (Gold). Enquiries: Noel +353 (0)91 384562 Kibo Mining Chief O`Keeffe plc Executive Officer John Simpson +44 (0)207 Daniel Nominated 7766550 Stewart & Adviser Company Plc
Andrew +27 (0)83 4408365 River Group Designated Lianos Adviser - JSE Nick Bealer +44 (0)207 710 Cornhill Broker 9612 Capital Ltd (Corporate Broking) John Treacy +44 (0)207 710 Cornhill Broker 9610 Capital Ltd (Corporate Finance) Updates on the Company`s activities are regularly posted on its website www.kibomining.com Pretoria 3 August 2011 Designated Advisor River Group Date: 03/08/2011 14:00:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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