27th Oct 2025 09:53
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.
Current stock price in London: 5.59 pence, down 2.8% on Monday
12-month change: down 17%
Current stock price in Johannesburg: ZAR1.25
12-month change: up 17% since listing on JSE in May
By Artwell Dlamini, Alliance News senior reporter South Africa
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