All subscribers to the convertible loan notes issued on September 27 by Tanzania-focused mineral exploration and development company Kibo Mining have elected to convert the notes to Kibo shares. The notes were converted at a Kibo share price of £0.05, which was calculated in accordance with the note term sheet, the company said in a September statement. Kibo CEO Louis Coetzee says the company is “delighted that all subscribers exercised their right to convert the notes to ordinary shares in Kibo”.
This content is only available to subscribers.
Forgot your password? Click here
Don't have any login details?
Free Trial Access
