Premier African Minerals Ltd (AIM:PREM, OTC:PRMMF) said contractors at its Zulu Lithium and Tantalum Project have agreed to accept payment of invoices in new shares of the company.
Accordingly, the company has today settled US$870,750 (equivalent to £675,000) in outstanding invoices through the issue of 900,000,000 new ordinary shares at the price of 0.075 pence per ordinary share.