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Premier African Minerals Raises GBP263,000 Through Share Issue

Thu, 12th Dec 2019 11:26

(Alliance News) - Premier African Minerals Ltd, a developer of strategic metals and agri mineral projects, on Thursday said it has raised gross proceeds of GBP262,293 via issue of 262.3 million shares at 0.1 pence each.

Premier African Minerals shares were trading 18% lower in London on Thursday at 0.10p each.

"With our Zimbabwean operations being on the verge of hopefully turning a corner, we believe that this was a good opportunity for investors to participate in a fundraise on the retail friendly platform of PrimaryBid," said Chief Executive George Roach.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

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