| Fri 11 May 2012, 13:00 | | KBO - Kibo Mining Plc - Kibo appoints RFC Ambrian as nominated adviser |
|
KBO
KBO
KBO - Kibo Mining Plc - Kibo appoints RFC Ambrian as nominated 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")
Dated: 11 May 2012
KIBO APPOINTS RFC AMBRIAN AS NOMINATED ADVISER (NOMAD)
Kibo Mining plc ("Kibo" or the "Company") (AIM: KIBO), (JSE: KBO), the
Tanzania focused mineral exploration and development company, is pleased to
announce the appointment of RFC Ambrian Limited ("RFC Ambrian") as the
Company`s AIM market Nominated Adviser with immediate effect.
RFC Ambrian is a leading corporate and investment advisory group focused on
the natural resource sector. Through its offices in both Australia and the
UK, RFC Ambrian has a track record of successfully advising both major and
junior resource sector clients in relation to capital raisings, corporate
strategy, asset acquisitions and divestments, strategic partnerships,
offtake, project finance, AIM and ASX listings, valuation matters and mergers
and acquisitions.
Enquiries:
Louis Coetzee +27 (0)83 2606126 Kibo Mining plc Chief Executive
Officer
Stuart Laing +61 8 9480 2506 RFC Ambrian Limited Nominated Adviser
Andreas Lianos +27 (0)83 4408365 River Group Corporate Adviser and
Designated Adviser
(AltX)
Nick Bealer +44 (0)207 7109612 Cornhill Capital Ltd Broker (Corporate
Broking)
Matt Beale +44 (0)7966 389196 Fortbridge Public Relations
Updates on the Company`s activities are regularly posted on its
website www.kibomining.com
General Background & Strategy
Kibo is a public company registered in Ireland (company number 451931). Its
registered office is Kibo Mining plc, Suite 3, One Earlsfort Centre, Lower
Hatch Street, Dublin 2, Ireland. Kibo was established in early 2008 to
explore and develop mineral deposits in Tanzania, East Africa and was
admitted to AIM on 27 April 2010 and AltX in South Africa on 30 May 2011.
The Board of Kibo is composed of experienced professionals spanning mineral
exploration, mine development, mining finance and financial control of public
companies. It is supported by well trained and motivated Tanzanian staff that
operates from Kibo`s exploration offices in Dares Salaam and Mwanza.
The mineral assets of the Company comprise three existing and two newly
acquired projects in Tanzania - Haneti (nickel, platinoid elements and gold),
Morogoro (Gold) and Lake Victoria (Gold) which give Kibo access to over
18,000 km2 of early stage exploration licences in Tanzania`s premier gold
mining region, the Lake Victoria Goldfield and within the newly emerging gold
exploration regions in eastern Tanzania.
The Company has recently also acquired, subject to certain suspensive closing
conditions and approvals, coal and uranium exploration projects as publicly
announced on 2 April 2012 in accordance with its multi-commodity exploration
strategy.
Kibo`s objective is to enhance Shareholder value 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. Kibo will
undertake continual risk assessment of its projects and take whatever actions
it believes are necessary to ensure that these risks are mitigated.
Pretoria
Dated: 11 May 2012
Corporate and Designated Advisor
River Group
Date: 11/05/2012 13:00:01 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.
