07:00 Tue 21 Nov 2017
Premier African Min - Successful Fundraising via PrimaryBid
For immediate release
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO
("Premier" or the "Company")
Successful Fundraising via PrimaryBid to Advance the
The Offer received a very strong response from private as well as institutional investors and was oversubscribed. The Offer was on a "first come, first served" basis and was closed early at
The Company will issue and allot 252,031,250 new Ordinary Shares at 0.4p pursuant to the Offer. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares and application will be made for the new Ordinary Shares to be admitted to trading on AIM and admission is expected to take place on or around
Total Voting Rights
Following the issue of the new Ordinary Shares, the Company will have 6,500,247,600 Ordinary Shares in issue. This figure may be used by the Company's shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the
"Premier will continue to advance the
The support we have received today will allow the Company to proceed with further development of Zulu that has the potential to add significant value.
Our mining and exploration activities continue as usual in
Enquiries
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Tel: +44 (0)7734 922074 |
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(Nominated Adviser) |
Tel: +44 (0)20 7628 3396 |
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Tel: +44 (0)20 7408 4090 |
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Tel: +44 (0)20 7382 8300 |
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Tel: +44 (0)7747 788221 |
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Tel: +44 (0)20 7491 6519 |
Forward-looking Statement
All statements in this announcement other than statements of historical fact are, or may be deemed to be, "forward-looking statements". In some cases, these forward-looking statements may be identified by the use of forward-looking terminology, including the terms "targets", "believes", "estimates", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology. They appear in a number of places throughout the announcement and include statements regarding the intentions, beliefs or current expectations of the Company and/or Directors concerning, among other things, the trading performance, results of operations, financial condition, liquidity, prospects and dividend policy of the Company. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance. The Company's actual performance, result of operations, financial condition, liquidity and dividend policy may differ materially from the impression created by the forward-looking statements contained in this announcement. In addition, even if the performance, results of statements contained in this announcement, those results or developments may not be indicative of results or developments in subsequent periods. Important factors that may cause these differences include, but are not limited to, changes in economic conditions generally; changes in interest rates and currency fluctuations; impairments in the value of the Company's assets; legislative/regulatory changes; changes in taxation regimes; the availability and cost of capital for future expenditure; the availability of suitable financing; the ability of the Group to retain and attract suitably experienced personnel and competition within the industry. Prospective investors should specifically consider the factors identified in this announcement which could cause actual results to differ before making an investment decision.
This announcement has been issued by, and is the sole responsibility, of the Company. No representation or warranty express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by
Notes to Editors
The Company has a diverse portfolio of projects, which include tungsten, rare earth elements, gold, lithium and tantalum in
ENDS
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