16 July 2024
Premier African Minerals
Limited
Director Loan
Premier African Minerals Limited
("Premier" or the
"Company") announces that
settlement of the Loan Facility Agreement provided by George Roach
which remains due will not be settled in either cash or shares from
any of the two resolutions being proposed at the General Meeting on
29 July 2024.
Details of the General Meeting
including the addendum to the General Meeting were set out in the
announcements dated 8 and 12 July 2024.
Details of the Loan Facility
Agreement were set out in the announcements dated 9 and 18 August
2023.
Market Abuse Regulations
The information contained within
this announcement is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014 as it forms part of UK Domestic Law by
virtue of the European Union (Withdrawal) Act 2018
("UK MAR").
The person who arranged the release
of this announcement on behalf of the Company was Godfrey
Manhambara.
Enquiries:
|
George Roach
|
Premier African Minerals
Limited
|
Tel: +27 (0) 100 201 281
|
|
Michael Cornish / Roland
Cornish
|
Beaumont Cornish Limited
(Nominated Adviser)
|
Tel: +44 (0) 20 7628 3396
|
|
Douglas Crippen
|
CMC Markets UK Plc
|
Tel: +44 (0) 20 3003 8632
|
|
Toby Gibbs / Rachel
Goldstein
|
Shore Capital Stockbrokers
Limited
|
Tel: +44 (0) 20 7408 4090
|
Notes to
Editors:
Premier African Minerals Limited (AIM: PREM) is
a multi-commodity mining and natural resource development company
focused on Southern Africa with its RHA Tungsten and Zulu Lithium
projects in Zimbabwe.
The Company has a diverse portfolio of
projects, which include tungsten, rare earth elements, lithium and
tantalum in Zimbabwe and lithium and gold in Mozambique,
encompassing brownfield projects with near-term production
potential to grass-roots exploration. The Company has
accepted a share offer by Vortex Limited
("Vortex") for the exchange
of Premier's entire 4.8% interest in Circum
Minerals Limited ("Circum"), the owners of the Danakil Potash Project in Ethiopia,
for a 13.1% interest in the enlarged share capital of
Vortex. Vortex has an interest of 36.7% in
Circum.
In addition, the Company holds a 19% interest
in MN Holdings Limited, the operator of the Otjozondu Manganese
Mining Project in Namibia.
Nominated
Adviser Statement
Beaumont Cornish Limited ("Beaumont
Cornish"), which is authorised and regulated in the United
Kingdom by the Financial Conduct Authority, is acting as
nominated adviser to the Company in connection with this
announcement and will not regard any other person as its client and
will not be responsible to anyone else for providing the
protections afforded to the clients of Beaumont Cornish or for
providing advice in relation to such proposals. Beaumont Cornish
has not authorised the contents of, or any part of, this document
and no liability whatsoever is accepted by Beaumont Cornish for the
accuracy of any information, or opinions contained in this document
or for the omission of any information. Beaumont Cornish as
nominated adviser to the Company owes certain responsibilities to
the London Stock Exchange which are not owed to the
Company, the Directors, Shareholders, or any other
person.
Ends