Shuka Minerals raises GBP 750,000 in Menel Energy share subscription at 4p each

Reuters2026/07/22 06:05

By:Reuters

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Shuka Minerals raised GBP 750,000 via a conditional subscription with Menel Energy for 18,750,000 new shares at 4 pence.
Funds arrive in two GBP 375,000 tranches; first received, second due by Aug. 31, 2026.
Proceeds earmarked for GMI loan payments, Kabwe drilling program, working capital.
GMI loan amended: about GBP 1.59 million outstanding; final repayment extended to Dec. 31, 2027; interest set at 8%.
GMI gets conversion rights at 4 pence; fee settled via 2,976,358 new shares; Menel to receive warrants at 8 pence.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shuka Minerals plc published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S524439), on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Shuka Minerals raises GBP 750,000 in Menel Energy share subscription at 4p each

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