14:35 Tue 28 May 2019
Premier African Min - Zulu Lithium Drilling Programme Update
For immediate release
Zulu Lithium Drilling Programme Update
Cancellation of KME Payment Shares
Following the announcement dated
As previously announced, the Company had issued, within the Company's existing share authorities, 212,413,793 new Ordinary Shares of nil par value at an issue price of 0.145p per share ("KME Payment Shares") to KME as pre-payment for mobilisation and drilling and the KME Payment Shares were admitted to trading on AIM on
Total Voting Rights
Following the cancellation of the KME Payment Shares, the Company's issued share capital consists of 7,828,124,187 Ordinary Shares, with voting rights. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the
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 3700 0100 |
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. Many 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. The person who arranged the release of this announcement on behalf of the Company was
Notes to Editors:
The Company has a diverse portfolio of projects, which include tungsten, rare earth elements, lithium and tantalum in
ENDS
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