Kibo Mining raises 855,725 in Share Placing
Kibo Mining Plc
(Incorporated in Ireland)
(Registration Number: 451931)
(External registration number:
Share code on the JSE Limited: KBO
Share code on the AIM:
("Kibo" or "the Company")
08 October 2014
Kibo Mining raises £855,725 in Share Placing
Kibo Mining plc ("Kibo" or the "Company") (AIM: KIBO; AltX: KBO), the Tanzania focussed
mineral exploration and development company is pleased to announce it has received
commitments to a share placing of 57,048,352 new ordinary shares of Eur. 0.015 in the capital of
the Company with clients of Kibo's UK Broker, Hume Capital Securities Plc and River Capital
Partners LTD, at a placing price of 1.5p per share (the "Placing Shares"), to raise gross proceeds
of £855,725 before expenses (the "Placing"). Kibo's directors and senior management are
participating in the Placing for a cumulative amount of £55, 725 and will be participating on the
same terms as other investors.
The Directors' shareholding in the Company before and after the Placing is shown on the
Before Placing Interests Placement Shares Current Interests
Director Shares held Options held Shares taken up in Placement Shares held % interest Options held
Schaffalitsky 1,797,089 100,000 62,753 1,859,842* 0,71 100,000
Coetzee 5,876,998 100,000 888,998 6,765,996** 2,58 100,000
O'Keeffe 1,693,151 100,000 598,296 2,291,447*** 0,87 100,000
Lianos 4,876,695 100,000 1,411,938 6,288,633**** 2,40 100,000
Tinus Maree 2,671,447 100,000 62,753 2,734,200***** 1,04 100,000
Kerremans 113,488 100,000 62,753 176,241 0,07 100,000
Scheepers 1,082,386 nil 627,528 1,709,914 0,65
Total 18,111,254 600,000 3,715,019 21,826,273 8,33% 600,000
* 627,000 shares of total held in family trust Crosslane Limited
** 208,333 shares held in Boulder Mining Limited, 2,155,711 shares in Tsitato Trading Limited and 4, 4019, 942 held in Huntress Nominees Limited
*** 2,275,882 shares held in Davy Crest Nominees and 15,565 shares held by spouse Suzanne O'Keeffe
**** All shares held in Huntress Nominees Limited
***** All shares held in Huntress Nominees Limited
Application will be made for the Placing Shares to be admitted to trading on AIM and the JSE AltX markets.
Trading in the Placing Shares is expected to commence on AIM and the JSE on or around 14 October 2014 ("Admission").
On completion of Admission the Company will have 262,488,757 shares in issue.
Louis Coetzee, CEO of the Company, commented today: "We are pleased with the results from the latest placing, given the extremely difficult funding
environment in which exploration companies continue to find themselves in.The Director's participation in the placing once again demonstrates their
firm and sustained confidence in the Company and its future.
+27 (0) 83 2606126
Kibo Mining plc
Chief Executive Officer
+27 (0) 83 4408365
Kibo Mining plc & River Group
Executive Director, Corporate Adviser and Designated Adviser on JSE
+ 44 (0) 20 3216 2630
Hume Capital (Previously XCAP)
+61 8 94802500
RFC Ambrian Limited
Nominated Adviser on AIM
+44 (0) 207 8611606
+44 (0) 207 8613126
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
08 October 2014
Corporate and Designated Adviser
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