Kibo Mining (GB:KIBO) has released an update.
Kibo Energy’s subsidiary, Mast Energy Developments PLC, has launched the second phase of its Pyebridge asset’s work programme, including a genset overhaul which is expected to boost revenue and efficiency. The company has also completed financial maneuvers involving capitalization of an existing loan, equity issuance, and a new loan agreement to fund further development and operational costs. These strategic steps aim to enhance the company’s growth in the flexible power market and shareholder value.
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