Kibo Energy PLC

Share Issue/Capital Change • Oct 8, 2014

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RNS Number : 7505T

Kibo Mining Plc

08 October 2014

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")

08 October 2014

Kibo Mining raises £855,725 in Share Placing

Kibo Mining plc ("Kibo" or the "Company") (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company is pleased to announce it has received commitments to a share placing of 57 048 352 new ordinary shares of Eur. 0.015 in the capital of the Company with clients of Kibo's UK Broker, Hume Capital Securities Plc and River Capital Partners LTD, at a placing price of 1.5p per share (the "Placing Shares"), to raise gross proceeds of £855,725 before expenses (the "Placing").  Kibo's directors and senior management are participating in the Placing for a cumulative amount of £55, 725 and will be participating 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	1,797,089	100,000	62,753	1,859,842*	0,71	100,000
Louis Coetzee	5,876,998	100,000	888,998	6,765,996**	2,58	100,000
Noel O'Keeffe	1,693,151	100,000	598,296	2,291,447***	0,87	100,000
Andreas Lianos	4,876,695	100,000	1,411,938	6,288,633****	2,40	100,000
Tinus Maree	2,671,447	100,000	62,753	2,734,200*****	1,04	100,000
Wenzel Kerremans	113,488	100,000	62,753	176,241	0,07	100,000
Management Louis Scheepers	1,082,386	nil	627,528	1,709,914	0,65
Total	18,111,254	600,000	3,715,019	21,826,273	8,33%	600,000

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

** 208,333 shares held in Boulder Mining Limited, 2,155,711 shares in Tsitato Trading Limited and          4, 4019, 942 held in Huntress Nominees Limited

*** 2,275,882 shares 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 the Placing Shares to be admitted to tradingon AIM and the 

JSE AltX markets.Trading in the Placing Shares  is expected to commenceon AIM and the 

JSE on or around 14 October 2014("Admission"). On completion of Admission the Company 

will have 262 488 757 shares in issue. 

Louis Coetzee, CEO of the Company, commented today: "We are pleased with the results from the latest placing, given the extremely difficult funding environment in which exploration companies continue to find themselves in.The Director's participation in the placing once again demonstrates their firm and sustained confidence in the Company and its future.

Contacts

Louis Coetzee	+27 (0) 83 2606126	Kibo Mining plc	Chief Executive Officer
Andreas Lianos	+27 (0) 83 4408365	Kibo Mining plc & River Group	Executive Director, Corporate Adviser and Designated Adviser on JSE
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

08 October 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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