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Fri, 21st Jun 2019 10:59
(Alliance News) - Premier African Minerals Ltd on Friday said it has raised USD350,000 via issue of convertible loan note to Regent Mercantile Holdings Ltd.
Proceeds of the loan agreement will be used to support the ongoing development and general working capital of the company. The annual interest rate payable on the outstanding loan amount is 10% per annum.
Shares in Premier African Minerals were down 1.4% at 0.069 pence each on Friday morning.
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