Kibo to raise £750 000

27th February 2018

By: Creamer Media Reporter

     

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JOHANNESBURG (miningweekly.com) – Aim- and AltX-listed Kibo Mining has received commitments to raise £750 000 through the placing of 17.65-million shares at a price of 4.25p each.

“The funds raised today enable us to build on our strategy to create a strategic regional electricity supplier.

“Our portfolio of power projects, including our flagship 300 MW Mbeya coal-to-power project, is rapidly advancing and I look forward to updating both new and existing shareholders on progress soon,” CEO Louis Coetzee said on Tuesday.

The placing was arranged by Kibo’s UK broker Beaufort Securities.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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