Kibo Mining (GB:KIBO) has released an update.
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Kibo Energy PLC successfully passed a resolution during an Extraordinary General Meeting to sell its subsidiary, Kibo Mining (Cyprus) Limited, to Aria Capital Management Limited, with an overwhelming 99.94% shareholder approval. The sale meets all conditions, enabling Kibo to complete the share transfer and transition into an AIM Rule 15 cash shell. Shareholder participation was strong, with proxies representing over half of Kibo’s shares casting votes.
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