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12 April 2016
Kibo Mining plc ('Kibo' or the 'Company') (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company has today elected to make the second drawdown of the loan facility (the 'Facility') provided to the Company by Sanderson Capital Partners Limited ('Sanderson'), the details of which were announced on the Company's RNS of 03 March 2016.
In accordance with the terms of the Facility the Company has today allotted 1,360,000 Ordinary Shares (the 'Sanderson Shares') of €0.015 par value each in the capital of the Company to Sanderson. The Sanderson Shares will be issued as a drawdown fee upon receipt of £300,000 from Sanderson, representing the second drawdown on the Facility of up to £1,500,000 provided by Sanderson to the Company. The Sanderson Shares comprise 1,186,046 shares to be issued in relation to the second drawdown and a further issue of 173,954 shares in relation to the first drawdown (announced on 3 March 2016). The mid-price for Kibo shares on 3 March 2016 of 3.75 pence per share was outside the 4 pence to 5 pence per share range in which the standard drawdown fee is fixed at 1,186,046 Ordinary Shares in Kibo. This gave rise to a shortfall in the shares issued to Sanderson in respect of the first drawdown fee of £51,000, which was calculated on an effective price of 4.3 pence per share.
Application will be made for the 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 15th April 2016 ('Admission'). On completion of Admission the Company will have 351,424,760 shares in issue.
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Kibo Mining Plc
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EXPLORATEUR |
CODE : KIBO.L |
ISIN : IE00B97C0C31 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Kibo Mining Plc est une société d’exploration minière basée en Irlande. Ses principaux projets en exploration sont HANETI NICKEL, MOROGORO GOLD, LUHALA GOLD et ITETEMIA GOLD en Tanzanie. Kibo Mining Plc est cotée au Royaume-Uni. Sa capitalisation boursière aujourd'hui est 14,9 millions GBX (17,4 millions US$, 16,2 millions €). La valeur de son action a atteint son plus haut niveau récent le 02 janvier 2015 à 9,85 GBX, et son plus bas niveau récent le 23 décembre 2022 à 0,00 GBX. Kibo Mining Plc possède 412 901 424 actions en circulation. |