Shuka Minerals PLC - Africa-focused mine operator and developer - Agrees to extend the long stop date for completion of its acquisition of Leopard Exploration & Mining Ltd in Zambia to January 15. Gathoni Muchai Investments Ltd had said it would pay the balance of its loan to Shuka by December 31. Says Gathoni Muchai has indicated funds will now be provided next week. Read More
Shuka Minerals PLC - Africa-focused mine operator and developer - Says Gathoni Muchai Investments Ltd has confirmed that it will continue to pay the balance of its loan to Shuka throughout this month. Shuka requires the balance of the funds to satisfy the USD1.35 million consideration to acquire Leopard Exploration & Mining Ltd in Zambia. Early in July, Gathoni Muchai agreed to increase its loan to Shuka by GBP1.5 million to GBP2 million. The loan has been delayed several times due to administrative and regulatory matters in Kenya. Read More
Shuka Minerals PLC - Africa-focused mine operator and developer - Says it expects Gathoni Muchai Investments Ltd to pay the balance of its loan to Shuka this month, instead of November. The balance is about GBP450,000, Last month, Shuka received an initial tranche of USD300,000 from Gathoni Muchai under the increased loan facility. Early in July, Gathoni Muchai agreed to increase its loan to Shuka by GBP1.5 million to GBP2 million. The loan has been delayed several times due to administrative and regulatory matters in Kenya. Shuka says Gathoni Muchai has confirmed that the balance of the funds required to satisfy the USD1.35 million consideration due under the acquisition will be advanced before the end of this month. Read More
(Alliance News) - Shuka Minerals PLC said on Wednesday it has agreed to settle the balance of its acquisition of Leopard Exploration & Mining Ltd in Zambia. Read More
Shuka Minerals PLC - Africa-focused mine operator and developer - Receives an initial tranche of USD300,000 from Gathoni Muchai Investments Ltd under the increased loan facility. The loan facilitates Shuka's acquisition of Leopard Exploration & Mining Ltd in Zambia. Early in July, Gathoni Muchai agreed to increase its loan to Shuka by GBP1.5 million to GBP2 million. The loan has been delayed several times due to administrative and regulatory matters in Kenya. Shuka says Gathoni Muchai has confirmed that the balance of the funds required to satisfy the USD1.35 million consideration due under the acquisition will be advanced before the end of this month. Read More
Shuka Minerals PLC - Africa-focused mine operator and developer - Says Gathoni Muchai Investments Ltd expects to pay Shuka an initial USD350,000 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. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday. Read More
Shuka Minerals PLC - Africa-focused mine operator and developer - Says it is yet to receive loan funds from Gathoni Muchai Investments Ltd. A week ago, Gathoni Muchai had indicated that funds would be processed by Friday last week. Gathoni Muchai reports that administrative issues prevented the payments from proceeding last week, though it is confident of payments to Shuka this week. Read More
(Alliance News) - Stock prices in London opened higher on Monday, ahead of manufacturing purchasing managers' index data due shortly, at the start of a busy week which includes a Bank of England rate decision and a swathe of earnings reports. Read More
Shuka Minerals PLC - Africa-focused mine operator and developer - Expects loan funds from Gathoni Muchai Investments Ltd to proceed this week after a delay. The loan to facilitate Shuka's acquisition of Leopard Exploration & Mining Ltd in Zambia was held up due to administrative and regulatory matters in Kenya. Early in July, Gathoni Muchai agreed to increase its loan to Shuka by GBP1.5 million to GBP2 million. This extension covered the balance of USD1.35 million or GBP1.0 million due to vendors of Leopard Exploration. Read More
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. Read More
(Alliance News) - Shuka Minerals PLC on Tuesday indicated it sought to shake up its board as it sharpened focus on mining and development in Africa. Read More
Shuka Minerals PLC - Africa-focused mine operator and developer - Says funding to facilitate its acquisition of Leopard Exploration & Mining Ltd in Zambia has experienced a further slight delay. Shuka notes that Gathoni Muchai Investments Ltd is completing an alternate means to expedite payment. Shuka says Gathoni Muchai has informed it that the remittance of the funds has been delayed again. Gathoni Muchai had said early this month delay in remittance is due to administrative matters and required regulatory clearances in Kenya. Early in July, Gathoni Muchai agreed to increase its loan to Shuka by GBP1.5 million to GBP2 million. This extension covered the balance of USD1.35 million or GBP1.0 million due to vendors of Leopard Exploration. Read More
Shuka Minerals PLC - Africa-focused mine operator and developer - Says funding to facilitate its acquisition of Leopard Exploration & Mining Ltd in Zambia has been delayed. Leopard Exploration is a Zambian mining and exploration company that owns the Kabwe zinc mine. Early in July, Gathoni Muchai Investments agreed to increase unsecured, interest-free and non-convertible loan to Shuka by GBP1.5 million to GBP2 million. This extension covered the balance of the cash consideration of USD1.35 million or GBP1.0 million due to vendors of Leopard Exploration. Read More
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
(Alliance News) - Shuka Minerals PLC said on Monday it has secured an extra loan to fund its acquisition of Leopard Exploration & Mining Ltd after its annual loss deteriorated. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Shuka Minerals PLC said on Thursday it expects to wrap up its takeover of Leopard Exploration & Mining Ltd this month after clearing all conditions. Read More
(Alliance News) - Stock prices in London were higher at midday on Wednesday, amid hopes that a potential meeting between Donald Trump and Xi Jinping his week can reduce trade policy tensions. Read More
Shuka Minerals PLC - Africa-focused mine operator and developer - Receives interim unconditional authorisation from the Competition & Consumer Protection Commission in Zambia to acquire Leopard Exploration & Mining Ltd. Leopard Exploration is a Zambian mining and exploration company that owns the Kabwe zinc mine. Read More