| Fri 1 Jun 2012, 13:56 | | KBO - Kibo Mining Plc - Results of the Annual General Meeting |
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KBO
KBO
KBO - Kibo Mining Plc - Results of the Annual General Meeting
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")
RESULTS OF THE ANNUAL GENERAL MEETING
Shareholders are advised that the annual general meeting of Kibo held on 31 May
2012 was attended in person and by proxy by shareholders holding approximately
53% of the shares in Kibo.
All the resolutions proposed were approved by the requisite number of
shareholders and will, where necessary, be registered with the Companies
Registration Office (Ireland).
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 +27 (0)83 4408365 River Group Corporate Adviser and
Lianos DA on JSE
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 professionals whose experience include mineral
exploration, mine development, mining finance, tax, law, mergers and
acquisitions, and financial control of public companies. It is supported by a
competent and motivated Tanzanian staff that operates from Kibo`s operations
office in Dar es Salaam.
The mineral assets of the Company comprise three existing and two newly acquired
projects in Tanzania - Haneti (nickel, PGE 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 build shareholder value in a sustainable manner. This
objective will be pursued primarily through active exploration of its own
projects and by using the Company`s experience in Tanzania to acquire attractive
exploration and development assets on competitive terms that can be moved
swiftly up the value curve by using the company`s own skills base whilst also
seeking to benefit from strategic collaborative relationships with industry
leaders who have special skills and competencies within their chosen fields of
focus. Kibo will undertake continual risk assessment of its projects and take
whatever actions it believes are necessary to ensure that these risks are
mitigated.
London
1 June 2012
Corporate and Designated Advisor
River Group
Date: 01/06/2012 13:56:01 Produced by the JSE SENS Department.
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