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Premier African Minerals settles Darwin debt

7th February 2017

By: Anine Kilian

Contributing Editor Online

     

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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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Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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