Kibo Mining (GB:KIBO) has released an update.
Kibo Energy PLC, a renewable energy development company, has announced a revision to its corporate restructuring plans, deviating from the board changes previously communicated on 7 June 2024. The company is re-evaluating its strategic direction to better align with its recovery strategy and is considering entering the Oil & Gas sector. Additionally, plans for a proposed £500,000 funding placement have been canceled, with further updates on board composition and funding to be provided soon.
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