11th Sep 2023 11:49
Premier African Minerals Ltd - Africa-focused metals and mineral project developer - Confirms it has received Chinese regulatory approval for its subscription of shares by its largest shareholder Canmax Technologies Co Ltd, from which it raised GBP5 million at an issue price of 0.35 pence per share as additional funding for the ongoing Zulu lithium and tantalum project optimisation in Zimbabwe.
At the end of August, Premier African Minerals first announced the conditional subscription, saying it was targeting revenue-generating production at the Zulu project by November.
Current stock price: 0.39p, down 0.8% on Monday
12-month change: up 8.1%
By Greg Rosenvinge, Alliance News reporter
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