29th Jan 2016 09:26
LONDON (Alliance News) - Kibo Mining PLC on Friday said it has issued shares to Sanderson Capital Partners Ltd under the funding deal it agreed with the firm on Thursday.
On Thursday, the Tanzania focused mineral exploration and development company said it had renegotiated the terms of its existing financing facility with Sanderson.
Pursuant to this new agreement, it has issued 9.0 million shares at 4.7 pence per share to Sanderson, raising a total of GBP423,000.
Kibor shares were down 1.3% to 4.44 pence on Friday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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