05:38 AM EDT, 09/18/2026 (MT Newswires) -- Shuka Minerals (SKA.L) said Friday it agreed to the assignment of its outstanding 163,334.10-pounds-sterling convertible loan with Gathoni Muchai Investments. The transaction will fully settle the Africa-focused miner's debt. The assignment covers 63,334.10 pounds for the investor and 100,000 pounds for Shuka's Chief Executive Officer Richard Lloyd, enabling them to convert the loan into up to 1,583,352 and 2.5 million new shares, respectively, at 0.004 pound per share. Shuka noted that the investors intend to convert the loan shortly after completion of the assignment.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.