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Edenville Energy ( (GB:SKA) ) has shared an announcement.
Shuka Minerals Plc has announced the issuance of 1,625,000 new ordinary shares to Gathoni Muchai Investments Limited (GMI) at a significant premium to the latest closing share price. This issuance is part of Shuka’s strategy to prepare for its secondary listing on the Johannesburg Stock Exchange (JSE) and aims to conserve cash resources while enhancing liquidity. The company has received formal approval for the listing from the JSE and the South African Reserve Bank, with trading set to commence on 22 May 2025. This move is expected to strengthen Shuka’s market position and provide more opportunities for stakeholders.
More about Edenville Energy
Shuka Minerals Plc is an African-focused mine operator and developer. The company is involved in the mining industry, focusing on the development and operation of mines across Africa.
Average Trading Volume: 85,534
Technical Sentiment Signal: Sell
Current Market Cap: £2.12M
See more data about SKA stock on TipRanks’ Stock Analysis page.