REG - Shuka Minerals PLC - Subscription for £150,000

Shuka MineralsAnnouncement

Yesterday 08:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260603:nRSC7369Ga&default-theme=true

RNS Number : 7369G  Shuka Minerals PLC  03 June 2026

3 June 2026

Shuka Minerals Plc

("Shuka'' or the "Company")

 

Subscription for £150,000

 

 

Shuka Minerals Plc (AIM/AltX: SKA), an African focused mine operator and
developer,  announces that the Company was approached by an African based
mining investor and is pleased to announce it has raised gross proceeds of
£150,000 through a subscription ("Subscription") for 3,750,000 new ordinary
shares ("Subscription Shares") at a price of 4 pence per share.

 

The Subscription is on the same terms as the placing announced on 13 January
2026 and therefore the Company has also issued 3,750,000 warrants, exercisable
at 8 pence per new ordinary share and valid for three years from the date of
Admission (as defined below).

 

In addition, the Company has issued 225,000 new ordinary shares at price of 4
pence per share to settle fees due to Marc Nally, a consultant to the Company
("Consultant Shares"). The Board is grateful for Marc's continued support,
including his agreement to receive Ordinary Shares in lieu of accrued fees.

 

Admission

Application has been made to the London Stock Exchange for the Subscription
Shares and Consultant Shares to be admitted to trading on AIM ("Admission").
It is expected that Admission will become effective and that dealings in the
Subscription Shares on AIM will commence on or around 8.00 a.m. on 5 June
2026. The Subscription Shares and Consultant Shares will rank pari passu with
the Company's existing ordinary shares in all respects.

 

Total voting rights

Following the Admission, the total issued share capital of the Company will be
131,036,139 ordinary shares, each with voting rights. The above figure may be
used by shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or a change
to their interest in, the Company, under the FCA's Disclosure Guidance and
Transparency Rules.

 

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation. The Directors of Shuka are responsible for the
contents of this announcement.

ENDS

Shuka Minerals plc has its primary listing on the London Stock Exchange
("AIM") and a secondary listing on the AltX of the JSE Limited.

 

For enquiries contact:

 

 Shuka Minerals Plc                                     +44 (0)7990 503 007

 Richard Lloyd

 Chief Executive Officer

 Nominated Adviser                                      +44 (0)20 7213 0880

 Cairn Financial Advisers LLP

 Sandy Jamieson / Ludovico Lazzaretti / James Western

 JSE Sponsor & Listing Advisor                          +27 (11) 480 8500

 AcaciaCap Advisors Proprietary Limited

 Michelle Krastanov

 

 Broker                               +44 (0)20 7100 5100

 Tavira Financial Limited

 Oliver Stansfield / Jonathan Evans

 Investor Relations                   +44 (0)208 892 8329

 Olivia Lloyd

 

Caution:

Certain statements in this announcement, are, or may be deemed to be, forward
looking statements. Forward looking statements are identified by their use of
terms and phrases such as ''believe'', ''could'', "should" ''envisage'',
''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect",
''will'' or the negative of those, variations or comparable expressions,
including references to assumptions. These forward-looking statements are not
based on historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of operations,
performance, future capital and other expenditures (including the amount,
nature and sources of funding thereof), competitive advantages, business
prospects and opportunities. Such forward looking statements reflect the
Directors' current beliefs and assumptions and are based on information
currently available to the Directors.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  IOESSWEFEEMSEIM



            Copyright 2019 Regulatory News Service, all rights reserved