Kibo Energy PLC

AGM Information • Jul 31, 2014

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RNS Number : 8078N

Kibo Mining Plc

31 July 2014

Kibo Mining Plc (Incorporated in Ireland)

(Registration Number: 451931)

(External registration number: 2011/007371/10)

Sharecode on the JSE Limited: KBO Share code on the AIM:

KIBO ISIN:IE00B61XQX41

("Kibo" or "the Company")

31 July 2014

Results of Annual General Meeting and Completion of Placing announced on 14 July 2014

Shareholders are advised that the Annual General Meeting of Kibo Mining plc ("Kibo") held yesterday was attended in person and by proxy by shareholders holding approximately 21% of the shares in Kibo.

All the resolutions proposed were approved and they will be registered with the Companies Registration Office (Ireland).

The Company has also delivered the balance of shares to placees from its share placing announced on the 14th July 2014 (the "Placing") by the allotment of 7,285,714 shares of which 5,714,285 shares have been taken up by Kibo directors ("the Directors") on the same terms as other investors. The Directors' shareholding in the Company before and after the Placing is shown on the table below:

	Before Placing Interests		Placement Shares	Current Interests
Director	Shares held	Options held	Shares taken up in Placement	Shares held	% interest	Options held
Christian Schaffalitzky	1,715,910	100,000	81,179	*1,797,089	0,87	100,000
Louis Coetzee	5,599,903	100,000	1,533,381	**7,133,284	3,47	100,000
Noel O'Keeffe	714,865	100,000	978,286	***1,693 151	0,82	100,000
Andreas Lianos	3,000,000	100,000	1,876,695	****4,876 695	2,37	100,000
Tinus Maree	2,590,268	100,000	81,179	*****2,671 447	1,30	100,000
Wenzel Kerremans	32,309	100,000	81,179	113,488	0,06	100,000
Management Louis Scheepers	nil	nil	1,082,386	1,082,386	0,53
Total	13,653,255	600,000	5,714,285	19,367,540	9,42%	600,000

* 627,000 shares of total held in family trust Crosslane Limited

** 1,464,620 shares of total held in Boulder Mining Limited, 2,155,711 shares in Tsitato Trading Limited and 3,512,953 held in Huntress Nominees Limited

*** 699,300 shares of total 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 these 7,285,714 shares to be admitted to trading on AIM and the JSE AltX markets and trading is expected to begin on or about 6th August 2014. Following Admission, the Company will have 205,440,405 shares in issue.

Contacts

Louis Coetzee	+27 (0) 83 2606126	Kibo Mining plc	Chief Executive Officer
Andreas Lianos	+27 (0) 83 4408365	Kibo Mining plc & River Group	Corporate Adviser and Designated Adviser
Jon Belliss	+ 44 (0) 20 3216 2630	Hume Capital (Previously XCAP)	Broker
Oliver Morse Trinity McIntyre	+61 8 94802500	RFC Ambrian Limited	Nominated Adviser on AIM
Daniel Thöle Lydia Eades	+44 (0) 207 8611606 +44 (0) 207 8613126	Bell Pottinger	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 

Johannesburg

31 July 2014

Corporate and Designated Adviser

River Group

This information is provided by RNS

The company news service from the London Stock Exchange

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