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Premier raises funds through online investment platform

12th December 2019

By: Marleny Arnoldi

Online News Editor

     

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Aim-listed Premier African Minerals successfully completed an offer through online investment platform PrimaryBid on Wednesday, raising £262 293.

The company issued about 262-million new ordinary shares to satisfy the fundraising, which will be admitted to trading on December 18.

Premier now has about 11.2-billion shares in issue.

CEO George Roach said that with the company’s Zimbabwean operations being on the verge of hopefully turning a corner, he believed this was a good opportunity for investors to participate in a fundraise on the retail-friendly PrimaryBid platform.

PrimaryBid allows access to new share offers from listed companies at the same discounted price available to institutions.

Premier has a 49% interest in the RHA tungsten project, in Zimbabwe.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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