IN BRIEF: Shuka Minerals loan raised to acquire Leopard Exploration
Shuka Minerals PLC - Africa-focused mine operator and developer - Says Gathoni Muchai Investments agrees to increase unsecured, interest-free and non-convertible loan by GBP1.5 million to GBP2 million. This extension covers the balance of the cash consideration of USD1.35 million or GBP1.0 million due to vendors of Leopard Exploration & Mining Ltd, which is located in Zambia. The loan will also fund the initial exploration work at the Kabwe Mine, as well satisfy general working capital requirements. Says all conditions for the Leopard Exploration acquisition have now been satisfied. Repayment will start by June 30, 2026, it says. Read More