3rd Nov 2021 11:41
Kibo Energy PLC - Africa- and UK-focused energy projects - Raises GBP860,000 through issue of 430.0 million shares at 0.2 pence each to private investors. Each share has a warrant attached, exercisable at 0.4p. "Proceeds from the subscription will be utilized primarily to further develop the company's energy portfolio most notably the company's waste-to-energy projects and for working capital requirements," Kibo says.
Current stock price in London: 0.21p, down 8.7% on Wednesday
Year-to-date change: up 11%
Current stock price in Johannesburg: ZAR0.07, down 13% on Wednesday
Year-to-date change: unchanged
By Eric Cunha; [email protected]
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