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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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