Premium Resources completes recapitalisation, appoints new CEO
TSX-V-listed explorer Premium Resources has completed the recapitalisation of the company, including a C$46-million equity private placement and the equity conversion of its C$20.88-million term loan debt. The company, which is focused on the redevelopment of previously producing nickel, copper and cobalt mines in Botswana, has closed its nonbrokered private placement issuing 153.33-million units at C$0.30 each.
TSX-V-listed explorer Premium Resources has completed the recapitalisation of the company, including a C$46-million equity private placement and the equity conversion of its C$20.88-million term loan debt.
The company, which is focused on the redevelopment of previously producing nickel, copper and cobalt mines in Botswana, has closed its nonbrokered private placement issuing 153.33-million units at C$0.30 each.
