Premier African Minerals Ltd - British Virgin Islands-based minerals and metals project developer - Receives GBP1.2 million non-refundable deposit that Suzhou TA&A Ultra Clean Technology Co was required to pay as part of their conditional subscription agreement announced on Tuesday. The subscription was to raise GBP12 million for the development of the Zulu Lithium and Tantalum project in Zimbabwe. Suzhou acquires 13% of the share capital of Premier following the completion of the subscription.
Current stock price: 0.34 pence, down 1.1%
12-month change: up 36%
By Heather Rydings; heatherrydings@alliancenews.com
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Premier African Minerals (PREM)