Kibo Mining (GB:KIBO) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Kibo Energy PLC has decided to terminate its planned reverse takeover due to time constraints and will instead focus on finalizing its financial accounts to lift its trading suspension on AIM. To support its operations while exploring new project acquisitions, the company has secured a £500,000 loan from Aria Capital Management. This funding will maintain Kibo’s financial stability and allow it to pursue a revised transaction strategy.
For further insights into GB:KIBO stock, check out TipRanks’ Stock Analysis page.