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Kibo Mining ( (GB:KIBO) ) has shared an announcement.
Kibo Energy PLC has announced the receipt of the first tranche of funding under a Convertible Loan Note, which will facilitate the commencement of a Reverse Takeover Transaction involving the acquisition of Carbon Resilience Pte Limited. The acquisition aims to enhance Kibo’s capabilities in the renewable energy sector, particularly in industrial decarbonization and clean power solutions. The company plans to receive additional funding by the end of October to support ongoing operations and the completion of the transaction.
More about Kibo Mining
Kibo Energy PLC is an energy company incorporated in Ireland, focusing on industrial decarbonization and renewable energy solutions. The company is engaged in developing utility-scale projects, including onshore wind, solar, and battery energy storage, with a significant presence in Queensland, Australia.
Average Trading Volume: 162,637
Technical Sentiment Signal: Sell
Current Market Cap: £956.5K
See more data about KIBO stock on TipRanks’ Stock Analysis page.