Update on financing for Kabwe transaction
Shuka Minerals Plc has announced an update regarding the financing for its proposed acquisition of the Kabwe Zinc Mine. The company is still awaiting the receipt of £815,000 from Gathoni Muchai Investments Limited, which was due under an increased loan agreement. Gathoni Muchai Investments Limited has confirmed that payment has been instructed and provided remittance advice, with a further announcement to follow upon fund receipt.
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Further to its announcement on 12 January 2026, the Company is still awaiting the funds receipt in relation to the payment of £815,000 from African focused investment banking and corporate finance group Gathoni Muchai Investments Limited ("GMI"), pursuant to the increased loan ("GMI Loan") entered into on 30 June 2025.
GMI have informed the Company that they have instructed the payment and provided remittance advice. A further announcement will be made upon receipt of the funds.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.