KIBO APPOINTS RFC AMBRIAN AS NOMINATED ADVISER (1868D)
May 11 2012 - 6:12AM
UK Regulatory
TIDMKIBO
RNS Number : 1868D
Kibo Mining Plc
11 May 2012
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 Kibo Mining Chief Executive Officer
2606126 plc
-------------- ------------ ------------- ---------------------------
Stuart +61 8 9480 RFC Ambrian Nominated Adviser
Laing 2506 Limited
-------------- ------------ ------------- ---------------------------
Andreas +27 (0)83 River Group Corporate Adviser and
Lianos 4408365 Designated Adviser (AltX)
-------------- ------------ ------------- ---------------------------
Nick Bealer +44 (0)207 Cornhill Broker (Corporate Broking)
7109612 Capital Ltd
-------------- ------------ ------------- ---------------------------
Matt Beale +44 (0)7966 Fortbridge Public Relations
389196
-------------- ------------ ------------- ---------------------------
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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