AltX- and Aim-listed Kibo Mining has renegotiated terms for the payback of a £1.5-million loan facility provided by asset management group Sanderson Capital Partners, giving Sanderson a stake in the Mbeya coal-to-power project. While Kibo was required to pay back the loan in either cash or shares by August 31, Sanderson will instead convert the loan into a 2.5% equity interest in Mbeya Development Company, which is a 100% subsidiary of Kibo, by September 14.
