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Premier African Minerals ( (GB:PREM) ) has provided an update.
Premier African Minerals Limited announced that Canmax Technologies Co., Ltd has converted approximately US$368,337 of accrued interest into new ordinary shares of the company. This conversion results in the issuance of over 1.18 billion new shares, which will be admitted to trading on AIM, increasing the company’s total issued share capital and impacting shareholder voting rights.
More about Premier African Minerals
Premier African Minerals Limited is a multi-commodity mining and natural resource development company focused on Southern Africa, with notable projects such as the RHA Tungsten and Zulu Lithium projects in Zimbabwe. The company has a diverse portfolio that includes tungsten, rare earth elements, lithium, and tantalum in Zimbabwe, as well as lithium and gold in Mozambique, ranging from brownfield projects with near-term production potential to grassroots exploration.
Technical Sentiment Signal: Sell
Current Market Cap: £24.1M
Find detailed analytics on PREM stock on TipRanks’ Stock Analysis page.