Kibo Mining Plc (‘Kibo’ or the ‘Company’) Strategic Development Agreement with SEPCOIII, To Develop Energy ProjectsStrategic Development Agreement • July 3rd, 2018
Contract Type FiledJuly 3rd, 2018Kibo Mining Plc (AIM:KIBO; AltX:KBO), the multi-asset, Africa-focused, energy company, is pleased to announce that it has signed a Strategic Development Agreement (‘SDA’) with China based SEPCOIII (‘SEPCOIII’), one of the world’s largest power EPC contractors, to work with Kibo towards enhancing its strategy and the development of its portfolio of energy projects. As part of the SDA, SEPCOIII has committed to a two-stage equity investment into Kibo, endorsing the Company’s strategy and its position in the African power market.