The Monitor :: Shumba Energy Raise P14m
Banners
Banners
Banners
Banners
Last Updated
Friday 17 November 2017, 18:35 pm.
Banners
Shumba Energy Raise P14m

Shumba Energy has informed shareholders that pursuant to the binding sale and purchase agreement entered into with Daheng Group for the acquisition of Mabesekwa Prospecting Licence, the second payment is now due for settlement.
By Staff Writer Mon 17 Oct 2016, 18:09 pm (GMT +2)
The Monitor :: Shumba Energy Raise P14m








The settlement would either be the sum of $2 million payable in cash or failing which shares in the company worth $3,3 million will be issued.

In a statement, Shumba said it  has raised P14 million ($1.3 million) through the issuance of a convertible loan notes via private placement to contribute to the settlement of the second payment due to Daheng.

The

Banners

convertible loan notes will not be listed and carry a fixed interest rate of 10% which will be settled at the maturity date, i.e. two years from the issue date.

Subject to compliance with the applicable regulations, the company says it has the option to settle the final maturity amount on the convertible loan notes, inclusive of interest.

Banners
Banners
Banners


Business
Mon 17 Oct 2016, 19:04 pm
Mon 17 Oct 2016, 18:59 pm
Mon 17 Oct 2016, 18:09 pm
Mon 17 Oct 2016, 18:09 pm
Mon 17 Oct 2016, 17:51 pm
Mon 17 Oct 2016, 16:11 pm
Mon 10 Oct 2016, 18:00 pm
Mon 10 Oct 2016, 17:03 pm
Mon 10 Oct 2016, 17:03 pm
Mon 10 Oct 2016, 17:03 pm
Mon 03 Oct 2016, 18:00 pm
Mon 03 Oct 2016, 15:51 pm
Mon 03 Oct 2016, 15:50 pm
Mon 03 Oct 2016, 15:48 pm
Mon 26 Sep 2016, 18:00 pm
Mon 26 Sep 2016, 15:26 pm
Mon 26 Sep 2016, 15:24 pm
Mon 19 Sep 2016, 18:00 pm
Mon 19 Sep 2016, 15:39 pm
Mon 19 Sep 2016, 15:15 pm
Mon 19 Sep 2016, 15:15 pm
Mon 12 Sep 2016, 18:00 pm
Mon 12 Sep 2016, 15:16 pm
Mon 12 Sep 2016, 15:11 pm
Mon 05 Sep 2016, 18:00 pm
Banners
Banners
Exchange Rates
FOREIGN EXCHANGE: Friday, 17 Nov 2017
FOREIGN / PULA
PULA / FOREIGN
1 USD = Pula   10.5152
1 GBP = Pula   13.9276
1 EUR = Pula   12.4224
1 YEN = Pula   0.0935
1 ZAR = Pula   0.7433
1 Pula = USD   0.0951
1 Pula = GBP   0.0718
1 Pula = EUR   0.0805
1 Pula = YEN   10.7
1 Pula = ZAR   1.3454
have a story? Send us a Tip
Banners
  • Previous
    Next
    Masa Centre
    ::: Sunday 19 Nov - Sunday 19 Nov :::
  • Previous
    Next
    Riverwalk
    ::: Sunday 19 Nov - Sunday 19 Nov :::
  • Previous
    Next
    Gamecity
    ::: Sunday 19 Nov - Sunday 19 Nov :::
Selefu
Mopako
Banners
Banners
istanbul escort