TIDMKIBO

RNS Number : 7060Z

Kibo Mining Plc

31 May 2016

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:IE00B97C0C31

("Kibo" or "the Company")

31 May 2016

Share Issue

Kibo Mining plc ("Kibo" or the "Company") (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company has today issued 433,835 new Ordinary Kibo shares of EUR0.015 par value each in the capital of the Company (the "Settlement Shares") to service providers in settlement of invoices. 321,457 of the Settlement Shares were issued at 3.733 per share to RFC Ambrian for corporate advisory fees to the Company in the amount of GBP12,000. The remaining 112,378 were issued at 4.5p per share for project management services to a service provider in Tanzania in the amount of GBP5,057. Application will be made for the Settlement Shares to be admitted to trading on AIM and the JSE AltX markets. Trading in the Shares is expected to commence on AIM and the JSE on or around 3rd June 2016 ("Admission"). On completion of Admission the Company will have 353,446,270 shares in issue.

Contacts

 
                     +27 (0) 83 2606126          Kibo Mining             Chief Executive Officer 
    Louis Coetzee                                    plc 
-------------------  ------------------  ---------------------------  ------------------------------ 
  Andreas Lianos     +27 (0) 83 4408365          River Group                  Corporate Adviser and 
                                                                               Designated Adviser on 
                                                                               JSE 
-------------------  ------------------  ---------------------------  ------------------------------ 
    Jon Belliss       +44 (0) 207 382            Beaufort Securities              Broker 
                            8300                  Limited 
-------------------  ------------------  ---------------------------  ------------------------------ 
   Oliver Morse       +61 8 9480 2500         RFC Ambrian                  Nominated Adviser on 
                                               Limited                              AIM 
-------------------  ------------------  ---------------------------  ------------------------------ 
  Daniel Thöle   +44 (0) 203 772 
   / Anna Legge             2500                Bell Pottinger          Investor and Media Relations 
-------------------  ------------------  ---------------------------  ------------------------------

Johannesburg

31 May 2016

Corporate and Designated Adviser River Group

This information is provided by RNS

The company news service from the London Stock Exchange

END

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