ANNOUNCEMENT OF PROPOSED ACQUISITION – MABESEKWA COAL PROJECT

Further to the communiqué dated 25 February 2015, the board of Shumba Coal Limited (“Shumba” or the “Company”) is pleased to advise share holders that agreement has been reached for the acquisition by the Company of the Mabesekwa Prospecting Licence (PL428/2009) (“the Acquisition”) in the north eastern part of Botswana some 60km south-west of the town of Francistown and 40km west of Tonota/Shashe. Read more