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Premier to raise more than £1.5m through new share issue
Aim-listed Premier African Minerals has announced a subscription of 4.5-billion shares to raise £1.58-million before expenses at an issue price of 0.035p per new ordinary share. The funds raised will be primarily used to assist with paying for the secondary flotation plant, the start of civil works on the secondary plant and the management of essential creditors at the company’s Zulu lithium and tantalum project in Zimbabwe. It will also provide general working capital for Premier.
Aim-listed Premier African Minerals has announced a subscription of 4.5-billion shares to raise £1.58-million before expenses at an issue price of 0.035p per new ordinary share. The funds raised will be primarily used to assist with paying for the secondary flotation plant, the start of civil works on the secondary plant and the management of essential creditors at the company’s Zulu lithium and tantalum project in Zimbabwe. It will also provide general working capital for Premier.
