Premier African Minerals (GB:PREM) has released an update.
Premier African Minerals Limited has announced the conditional issuance of 2 billion new Ordinary Shares to settle a £1.38 million liability with China Zenith Capital Ltd. The shares will be sold in an orderly market fashion, with any proceeds exceeding the liability retained by the company. The company’s total issued share capital will increase to over 34 billion shares, with the new shares ranking equally with existing ones and trading expected to commence around August 14, 2024.
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