Premier African Minerals Ltd Announces Admission of Shares to AIM Market
Premier African Minerals Ltd announced that on December 10, 2012, it is being admitted to trading on AIM. The Company has raised GBP1.5 million before expenses by way of a Placing of 75,000,000 new Ordinary Shares at GBP0.02 per Ordinary Share, bringing the total number of shares being admitted to 335,567,591. The Company has a market capitalization of GBP6.7 million on Admission. The net funds raised will be used to assist in the funding of project development activities, with an initial focus on continuing exploration work on the Company's key projects of RHA, a former operating tungsten mine, and Katete, a rare earth elements project, both located in Zimbabwe.
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