2nd Jan 2026 08:01
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.
Shuka requires the balance of the funds to satisfy the USD1.4 million consideration to acquire Leopard Exploration. Early in July last year, 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.
Current stock price in Johannesburg: ZAR1.32
12-month change: down 12% since listing on JSE in May 2025
Stock price in London: 4.78 pence
12-month change: down 9.1%
By Artwell Dlamini, Alliance News senior reporter South Africa
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