11:40 Thu 22 Nov 2018
Premier African Min - Update on RHA Indigenisation Equity Resolution
For immediate release
Interim update on RHA Indigenisation Equity Resolution
Premier was advised on the
"Apart from the ongoing support we have received from the Minister of Mines, I personally met with the previous Minister of Industry Commerce and Enterprise Development on
Our board has urged that Premier wait for an outcome from the anticipated cabinet meeting, and in the absence of a positive conclusion, first seek direct intervention from the President before proceeding with any other lawful alternative. It goes without saying as the matter approaches a year, that this delay is a long time in the life of an unemployed miner and an expectant Premier shareholder."
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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Notes to Editors:
The Company has a diverse portfolio of projects, which include tungsten, rare earth elements, lithium and tantalum in
Forward Looking Statements:
Certain statements in this announcement are or may be deemed to be forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'' ''could'' "should" ''envisage'' ''estimate'' ''intend'' ''may'' ''plan'' ''will'' or the negative of those variations or comparable expressions including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth results of operations performance future capital and other expenditures (including the amount. nature and sources of funding thereof) competitive advantages business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions competition environmental and other regulatory changes actions by governmental authorities the availability of capital markets reliance on key personnel uninsured and underinsured losses and other factors many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions. The Company cannot assure investors that actual results will be consistent with such forward looking statements.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
ENDS
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