Statement re proposed investment in Kiwara


 

TIDMKIW 
 
RNS Number : 3974R 
Kiwara PLC 
29 April 2009 
 
Kiwara plc 
Registration number: 01760458 
JSE: KWR 
AIM: KIW 
ISIN: GB0007702953 
("Kiwara" or the "Company") 
 
 
 
 
INTERNATIONAL FINANCE CORPORATION ("IFC") DISCLOSES INTENTION TO CONSIDER AN 
EQUITY INVESTMENT OF US$6 MILLION IN KIWARA 
 
 
 
 
Shareholders are advised that Kiwara is in advanced discussions with the IFC 
which, if successfully concluded, may have a material effect on the price of the 
company's securities. Following field due diligence, the IFC is considering an 
equity investment of US$6 million coupled with a warrants package ("the proposed 
investment"). In accordance with the standard procedures of the IFC, a summary 
of the proposed investment has now been disclosed to the public by the IFC in 
advance of consideration by the IFC Board of Directors of the proposed 
investment. 
 
 
 
The purpose of the proposed investment is to assist in the financing of the 
Company's ongoing exploration of the Kalumbila, Kawako and other regional 
targets within Prospecting Licence 267 in north western Zambia. 
 
 
The key features of the proposed investment are: 
 
 
  *  An equity investment of US$6 million with a warrants package 
  *  Potential for further funding at Feasibility Study and at development stages 
 
The disclosure documents are posted in the IFC website for 30 days prior to the 
IFC Board of Directors' consideration of the proposed investment. 
 
 
In light of the above, shareholders are advised to exercise caution when dealing 
in the Company's securities until a further announcement is made. 
 
 
 
 
The text of the disclosure is posted on the IFC 
website at: www.ifc.org/ifcext/spiwebsite1.nsf and will also be accessible on 
the Kiwara website at www.kiwara.co.uk. 
 
 
Colin Bird (Chairman) said "This proposed investment is of a sufficient 
magnitude to allow the Company to release value in the project.To have IFC as a 
strategic investor would give the Kiwara management team the confidence and 
support to embark on an aggressive exploration campaign directed towards 
resource definition and thereafter mine development". 
 
 
About Kiwara: 
Kiwara is an exploration company with a focus on base metals in the Republic of 
Zambia, which is a major copper producing country. 
Kiwara, through its majority owned subsidiary, Kalumbila Minerals, holds 
Prospecting Licence 267 which is within the Kabompo Dome in North Western 
Zambia, a geologically complex antiformal feature, which contains a number of 
base metal and uranium targets. This is within the area considered to be the 
western extension of the Copperbelt, an increasingly significant mining area 
that contains the recently developed Kansanshi and Lumwana copper mines. 
P.S. The cautionary nature of the announcement is in accordance with JSE Ltd 
regulations. 
 
 
 
 
For further information, please contact: 
 
 
Kiwara Plc                                         Tel: +44 (0)207 581 4477 
Colin Bird, Chairman 
 
 
Peter Vivian-Neal, Chief Executive Officer    Tel: +260 (0) 211 293899 
 
 
Sasfin, Johannesburg 
Brian Christie, Corporate Finance     Tel: +27 (0) 11 809 7511 
 
 
FinnCap, London 
Matthew Robinson, Corporate Finance        Tel: +44 (0) 20 7600 1658 
 
 
 
 
29 April 2009 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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