Premier African Minerals settles Darwin debt
JOHANNESBURG (miningweekly.com) – Aim-listed Premier African Minerals has converted 27 loan notes, with an aggregate value of £675 000, due to Darwin Capital, eliminating all debt owed to Darwin.
Premier issued 317.85-million new ordinary shares to Darwin at an issue price of 0.21p a share.
Premier, in August 2016, signed a subscription agreement with Darwin for up to 140 loan notes for a gross value of up to £3.5-million, with the proceeds used for general working capital and to support activities at its Zulu lithium and tantalum project, in Zimbabwe.
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