INCREASE OF SHAREHOLDING IN MORUPULE SOUTH RESOURCES (PTY) LTD

The Board of Shumba Energy Limited (“Shumba”) is pleased to notify its shareholders and the public that Shumba, through its subsidiary Sechaba Natural Resources (Pty) Ltd (“Sechaba”) has increased its shareholding in Morupule South Resources (Pty) Ltd (“MSR”) to 97.5% from 75%. Shumba made a further investment of approximately BWP 7 million by acquiring additional shares in MSR, issued by way of a rights issue…Read Full Article

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