The Board of Premier African Minerals Limited ( Premier or the Company ) is pleased to announce a placing today to raise
£1,000,000 before expenses at an issue price of
0.16 pence per new ordinary share for the ongoing Definitive Feasibility Study ( DFS ) at the Company s Zulu Lithium project in
Zimbabwe ( Zulu ).
George Roach, CEO commented: The detailed planning, construction of the exploration camp, road repairs and location of equipment to site, and other work associated with the resource expansion and definition drilling for the DFS at Zulu is progressing and to date has been funded from Premier s retained cash resources. This placement is intended to ensure two definitive objectives.
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