27th Oct 2015 09:23
LONDON (Alliance News) - Premier African Minerals Ltd Tuesday said it has issued 81.6 million shares at 0.613 pence each to Darwin Capital Ltd following Darwin's notice to convert GBP500,000 unsecured convertible loan notes into equity.
The loan notes have been used to fund the re-opening of underground operations at RHA Tungsten (Private) Ltd in Zimbabwe and for general working capital purposes.
Premier said first ore from the underground operation was delivered last week and is now being delivered on a daily basis.
Shares in Premier African were trading up 1.2% at 0.785 pence Tuesday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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