Kibo Mining (GB:KIBO) has released an update.
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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.
