Kibo Mining has confirmed that the proposed acquisition of the company’s Imweru and Lubando Gold Projects by Opera is nearing completion.
Louis Coetzee, CEO of Kibo, said: “We are pleased to be nearing completion of the above mentioned transaction and looking forward to see work commence on the Imweru project, as per earlier announcements in this regard.
We are also particularly pleased with the increase in gold ounces in the restated resource statements.”
Paul Dudley, Chairman of Opera commented: “We thank our shareholders for their support and will provide updates as appropriate in due course as we seek to make further progress towards the completion of the transaction.”
At 1:05pm: (LON:KIBO) Kibo Mining share price was +0.25p at 5.5p
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