|
Shuka Minerals PLC - Africa-focused mine operator and developer - Says Gathoni Muchai Investments Ltd expects to pay Shuka an initial $350,000 in the coming days. The balance of the funds is to be paid to the company by Gathoni Muchai before the end of this month. The loan to facilitate Shuka’s acquisition of Leopard Exploration & Mining Ltd in Zambia has been delayed several times due to administrative and regulatory matters 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. Shuka says the Leopard Exploration vendors remain supportive of progressing to completion of the acquisition. Current stock price in London: 4.20 pence, down 20% on Monday 12-month change: down 46% Current stock price in Johannesburg: R 1.45 12-month change: down 3.3% since listing on JSE in May Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
