Communique 10 Oct’ 2016

usd

SHUMBA ENERGY LTD RAISES BWP14 M (approximately USD1.3M) FINANCING FOR PAYMENT TO DAHENG

The Board of directors of Shumba Energy Ltd (the “Company”) wishes to inform shareholders that pursuant to the binding Sale and Purchase Agreement entered into with Daheng Group Botswana (Pty) Ltd (“Daheng”) for the acquisition of the Mabesekwa Prospecting Licence (PL428/2009), the second payment is now due for settlement. The settlement would either be…read more.

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