Kibo inches closer to completion of gold assets sale to Opera

The proposed sale of dual-listed Kibo Mining’s northern Tanzania-based gold assets, Imweru and Lubando, to London-listed Opera Investment is one step closer to completion, after the projects’ resources were upgraded. The two companies in September signed a heads of agreement for the unloading of Kibo’s wholly-owned UK subsidiary Sloane Developments for 61-million Opera shares of 1p issued at a price of 6p apiece.