| Wed 3 Aug 2011, 14:00 | | KBO - Kibo Mining Plc - Change of Adviser |
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KBO
KBO
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 Produced by the JSE SENS Department.
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