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IN BRIEF: Kibo receives GBP200,000 via sale of Mast Energy shares

Thu, 15th Dec 2022 16:05

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - In July, Kibo received 28.7 million new shares in Mast Energy Developments PLC, to partially settle GBP1 million of the outstanding shareholder loan owed to Kibo's subsidiary Kibo Mining Cyprus Ltd. Kibo has now sold 7.4 million of the shares for GBP239,514.

Kibo now holds a 58% interest in Mast Energy.

London current stock price: 0.13 pence

12-month change: down 36%

Current stock price in Johannesburg: ZAR0.03, down 25%

12-month change: down 63%

By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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