Shuka to settle Kabwe acquisition consideration this week
Aim- and AltX-listed Shuka Minerals expects to shortly receive £815 000 from investment banking group Gathoni Muchai Investments as part of an increased loan agreement entered into in June last year. This will allow Shuka to settle the cash consideration of its acquisition of Zambian mining company Leopard Exploration and Mining (LEM) and, thereby, the Kabwe zinc mine, in Zambia.
Aim- and AltX-listed Shuka Minerals expects to shortly receive £815 000 from investment banking group Gathoni Muchai Investments as part of an increased loan agreement entered into in June last year.
This will allow Shuka to settle the cash consideration of its acquisition of Zambian mining company Leopard Exploration and Mining (LEM) and, thereby, the Kabwe zinc mine, in Zambia.
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