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Premier African Minerals secures £1m funding
Premier African Minerals Limited has raised about £1 million (US$1,34 million) through a subscription of new ordinary shares, while reporting steady progress at its Zulu Lithium and Tantalum Project.
The funds were raised at an issue price of 0,0136 pence per share, with 7,35 billion new ordinary shares to be issued, subject to admission. The shares will rank pari passu with existing stock.
Premier said the capital injection will support commissioning.
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