KIBO MINING PLC - Kibo Mining oversubscribed, raising 600,000 in Share Placing

Kibo Mining oversubscribed, raising £600,000 in Share 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:IE00B61XQX41
("Kibo" or "the Company")

Kibo Mining oversubscribed, raising £600,000 in Share Placing



Kibo Mining plc, the Tanzania focussed mineral exploration and development company is 
pleased to announce it has received commitments to a share placing of 34,285,714 new 
ordinary shares of Eur. 0.015 in the capital of the Company with clients of Kibo's UK 
Broker, Hume Capital Securities Plc, at a placing price of 1.75p per share (the "Placing Shares"), 
to raise gross proceeds of £600,000 before expenses (the ÒPlacingÓ). All of KiboÕs directors 
are participating in the Placing for a cumulative amount of £100,000, and will be participating 
on the same terms as other investors. A subsequent announcement of their relevant changes in 
interests will be made once allocations have been finalised.

As the Company does not currently have sufficient issued authorised capital to accommodate 
the full Placing, which was oversubscribed, the delivery of shares to the value of £127,500 
(approximately 7,285,714 shares) will be deferred until after the Company's AGM to be held 
on the 30th July 2014, where a resolution to increase the CompanyÕs authorised share capital 
is included for approval. The shares to be issued to directors will all be included in this 
deferred amount. 

Application will be made for the Placing Shares to be admitted to trading on AIM and the 
JSE AltX markets. Trading in 27,000, 000 of the  Placing Shares  is expected to commence 
on AIM and the JSE on or around 20 July 2014 (ÒFirst AdmissionÓ). On completion of First 
Admission the Company will have 198,154,691 shares in issue. Contingent on passing of the 
resolution to increase the CompanyÕs authorised share capital at its AGM on the 30th July 2014, 
the delivery of the balance of the Placing Shares, in the amount of 7,285,714, to subscribers 
and admission of these share, trading on AIM and the JSE is expected to occur on or about 
6th August 2014. Following the issue of this balance, the Company will have 205,440,405 shares in issue.

Louis Coetzee, CEO of the Company, commented today: ÒWe are pleased with the results from the 
latest placing, given the extremely difficult funding environment in which exploration companies 
find themselves in, over the past years. The DirectorÕs significant participation in the placing 
further demonstrates their continued confidence in the Company and its future, a position that 
was underscored by the significant oversubscription in the placing. 



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) 20 3216 2630
Hume Capital (Previously XCAP)
Broker

Oliver Morse
Trinity McIntyre
+61 8 94802500
RFC Ambrian Limited
Nominated Adviser on AIM

Daniel Thole
Lydia Eades
+44 (0) 207 8611606
+44 (0) 207 8613126
 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
14 July 2014

Corporate and Designated Adviser
River Group


Date: 14/07/2014 09:30:00 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.