Kibo Energy plc (KIBO) Appointment of Joint Broker November 5, 2019 – Posted in: Kibo Energy (KIBO)

Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to announce that it has appointed ETX Capital as its Joint Broker with immediate effect. **ENDS** For further information please visit www.kibo.energy or contact: Louis Coetzee info@kibo.energy Kibo Energy PLC Chief Executive Officer Andreas Lianos +27 (0) 83 4408365 River Group Corporate and Designated Adviser on JSE Bhavesh Patel/Stephen Allen +44 20 3440 6800 RFC Ambrian Limited NOMAD on AIM Jason Robertson +44 (0) 20 7374…

Continue reading

Kibo Energy Plc (KIBO) – Bordersley Notifications of Prequalification October 31, 2019 – Posted in: Kibo Energy (KIBO)

Bordersley Project: Notifications of Prequalification Decisions for the capacity market Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to announce an update on its 60% owned subsidiary, MAST Energy Developments Limited (‘MED’), a private UK registered company targeting the development and operation of flexible power plants to service the UK reserve power generation market. MED is developing a portfolio of reserve power generation projects and Bordesley Power Limited (‘Bordesley’) is the first…

Continue reading

Kibo Energy #KIBO – MED Signs Comprehensive Joint Development Agreement for Flexible Power Portfolio October 30, 2019 – Posted in: Kibo Energy (KIBO)

Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to provide an update on its 60% owned subsidiary, MAST Energy Developments Limited (‘MED’), a private UK registered company targeting the development and operation of flexible power plants to service the UK reserve power generation market. Highlights Comprehensive Joint Development Agreement (‘JDA’ or ‘the Agreement’) signed with AB Impianti S.R.L (‘AB’) a subsidiary of the AB Group, a global leader in engineering, manufacture, and…

Continue reading

Kibo Energy (KIBO) Raises £1,500,000 from Placing and £490,000 from Supplier and Creditors October 21, 2019 – Posted in: Kibo Energy (KIBO)

Further clarification with regard to the composition of the new ordinary shares to be issued has been provided which includes a combination of funding from investors and settlement of amounts owed to creditors. The placing amount has been corrected from GBP1,990,000 to GBP1,500,000, with the balance of new shares to be issued in relation to outstanding creditors of GBP490,000. Dated: 21 October 2019 Kibo Energy PLC (‘Kibo’ or the ‘Company’) Completed Placing Kibo Energy PLC,…

Continue reading

Podcast – Alan Green talks to Louis Coetzee, CEO of AIM listed Kibo Energy (KIBO) October 11, 2019 – Posted in: Kibo Energy (KIBO)

Alan Green talks to Louis Coetzee, CEO of AIM listed Kibo Energy (KIBO). Louis discusses yesterday’s £1.5m fundraising, and explains how the funds will be used to further Kibo’s energy projects in Africa, and also the likely timelines for first revenues from the projects. Louis talks about the strong, cross board participation in the fundraising, and the stronng support shown from existing shareholders. Finally there are some key takeaway points for investors to consider.

Continue reading

Kibo Energy #KIBO – Placing to Raise a minimum £ 1.5 Million October 9, 2019 – Posted in: Kibo Energy (KIBO)

Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to announce that it will be seeking to raise a minimum of GBP1,500,000 (the ‘Placing’), of which GBP1,000,000 (the ‘Underwritten Placing’) is fully underwritten by TS Capital Limited (‘Underwriter’) on behalf of TS Capital Clients, at a price of 0.45 pence per share. The proceeds from the Placing will be utilized primarily to further develop the Company’s diverse energy portfolio, on which a status…

Continue reading

Kibo Energy (KIBO) – Proactive Investors Interview Q&A September 30, 2019 – Posted in: Kibo Energy (KIBO)

Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to release this Q&A, which summarises Proactive Investors’ interview with Kibo CEO Louis Coetzee regarding the reorganisation of the Company’s Botswanan Mabesekwa Coal Independent Power Project (‘MCIPP’) announced on 25 September 2019.   Could you explain the reorganization of the MCIPP, announced on 25 September 2019? The Company has an 85% interest in a 303 million tonne (‘Mt’) coal resource in Botswana.  On completion of the agreement, it will hold a 35-40% interest…

Continue reading

Kibo Energy (KIBO) Unaudited Interim results as at 30 June 2019 September 27, 2019 – Posted in: Kibo Energy (KIBO)

Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to announce its unaudited interim results for the 6 month period ended 30 June 2019. Highlights Strong progress advancing diverse portfolio of major power generation and mining projects in Sub-Saharan Africa and the UK Engagement Letter signed with Wimmer Financial to advise Kibo on and manage all aspects related to the structuring and provision of a project finance corporate credit line facility of up to USD 900 million Collaboration Agreement signed with US energy storage company, ESS,…

Continue reading