Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Sells a portion of shares it received from its subsidiary Mast Energy Developments PLC. Disposes of 20.3 million shares, netting £259,845. Says it will use the cash for its on-going working capital needs, and to reduce its bridge loan facility with RiverFort Global Opportunities PCC Ltd. The share sale comes after Mast Energy early this month issued 31.6 million new shares to Kibo to partially settle a loan. The share payment amounted to £469,000. Kibo now owns 48% of Mast Energy, down from 56%.

Current stock price in Johannesburg: 1.00 rand cents

12-month change: down 80%

Current stock price in London: 0.051 pence

12-month change: down 73%

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