Shumba Energy issues new ordinary shares
Shumba energy has issued new ordinary shares in settlement of an obligation amounting to USD 41, 700 incurred by the company for development of the company’s assets. In a statement the company announced that the holders are not existing shareholders. Botswana Stock Exchange has confirmed the admission and listing of the new shares with effect from Monday 14 June 2021. “Following admission, the Company’s enlarged share capital will comprise 293,558,550 ordinary shares,” states the company. Shumba has several coal prospecting licenses in the country. It has applied for a mining license for one of its assets