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Premier African chief talks tungsten, funding and potential acquisitions

Premier African Minerals (LON:PREM) chief executive George Roach speaks to Proactive on the company’s financing position.

Recently, financier Darwin converted the remaining eight loan notes worth £200,000 into company shares meaning the firm no longer owes any debt to the lender.

“I’m personally delighted that [the debt] has gone,” he says “adding that he was “very appreciative” of the support from shareholders, with the market “absorbing” the news.

The firm also raised £500,000 this week to provide working capital while it its RHA tungsten mine in Zimbabwe comes on line, and Roach adds that it could be used for acquisitions.

“The environment is very interesting at the moment for natural resource projects and I have a view that Premier African should look to take advantage of this situation and should consider a possible acquisition or acquisitions.”

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