KIBO Kibo Energy Plc

TIDMKIBO

RNS Number : 6792H

Kibo Mining Plc

17 March 2015

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")

Dated: 17 March 2015

New Broker Appointment

Kibo Mining Plc ("Kibo" or the "Company") (AIM:KIBO; JSE AltX:KBO) the Tanzania focussed mineral exploration and development company is pleased to announce the appointment of a new joint broker.

Further to our announcement earlier today with regard to the position at Hume Capital, the board of Kibo have taken proactive steps to appoint a company joint broker,Beaufort Securities Limited, with immediate effect. As an AIM listed company it is a requirement that we maintain a qualifying broker as an adviser to the Company and this step ensures the Company is in compliance with our listing requirements.

Louis Coetzee CEO of Kibo Mining commented "We are pleased to welcome Beaufort Securities into the Company's advisor base. We consider Beaufort to be a highly regarded and secure partner and look forward to working together.

For clarity, I would reiterate that the balance of recent placing monies currently held in the client money account at Hume Capital is expected to be released to us once FCA approval for the payment is secured in line with normal due process. Subject to administrative handling of this matter we anticipate this financial receipt in due course."

Contacts

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

Johannesburg

17 March 2015

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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