● KKO has executed a binding terms sheet with Badimo to acquire...

● KKO has executed a binding terms sheet with Badimo to acquire the remaining 51% of Afro Energy (Pty) Ltd, making KKO the 100% owner of all South African exploration rights and production approvals.
● Consideration to acquire is the issue 595,577,619 KKO shares.
● The acquisition significantly de-risks the development of the South African projects and brings together all the experience and expertise of the historic joint venture parties and will streamline the exploration and development of nearly 7,000km2 of the geologically and infrastructure rich land position which hosts a 4.9Tcf (2C) resource.
● Transaction structured to expedite development financing from South African and global institutions and funds.
● The respective boards and major shareholders of both Badimo and KKO are supportive of the acquisition, with Badimo representatives and experienced South African energy and gas directors Donald Ncube and Robert Bulder to join the Board

GET ON!