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Premier African Minerals completes US$290,000 funding deal

Premier African has a diverse portfolio of assets in Africa

Premier African Minerals Ltd - Premier African Minerals completes US$290,000 funding deal

Premier African Minerals Ltd has completed its US$290,000 investment agreement with D-Beta One EQ, YA II PN and Riverfort Global Opportunities PCC at an annual interest rate of 10%.

"This agreement provides a further cash buffer as we approach finality in regard to both our EPO application at Zulu Lithium Pvt Limited and the ongoing negotiations at RHA Tungsten Private Limited ("RHA") in Zimbabwe,” Premier African’s chief executive George Roach said in a statement.

He added that he was also “deeply grateful” for the provision of US$106,000 in funding from Zimbabwe’s Ministry of Commerce and Industry.

Quick facts: Premier African Minerals Ltd

Price: 0.085 GBX

AIM:PREM
Market: AIM
Market Cap: £10.15 m
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