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Shuka Minerals PLC - Africa-focused mine operator and developer - Says funding to facilitate its acquisition of Leopard Exploration & Mining Ltd in Zambia has run into further delay. But Shuka says Gathoni Muchai Investments Ltd has informed it that payment is now in process. Expects funds to be cleared into its bank account next week. Gathoni Muchai said early last month delays in remittance was due to administrative matters and required regulatory clearances in Kenya. Early in July, Gathoni Muchai agreed to increase its loan to Shuka by £1.5 million to £2 million. This extension covered the balance of $1.35 million or £1.0 million due to vendors of Leopard Exploration. Current stock price in London: 6.20 pence, up 24% on Thursday 12-month change: down 11% Current stock price in Johannesburg: R 1.05, up 8.3% 12-month change: listed on JSE in May Copyright 2025 Alliance News Ltd. All Rights Reserved.
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