BVI-registered corporation Premier African Minerals Limited announced the launch of an offer via the PrimaryBid, which was successfully completed and closed on 11 December 2019. After the closing of the offer, the BVI company has raised gross proceeds of £262,293.00 at an issue price 0.1 pence per ordinary share via the Fundraising. To satisfy the Fundraising, Premier African Minerals has issued 262,293,000 New Ordinary Shares, and the application will be made for them to be admitted to trading on AIM. The shares are expected to be admitted to trading on December 18, 2019. Following the issue of the New Ordinary Shares, the company will have 11,266,071,580 ordinary shares of nil par value in issue.
CEO of the company George Roach said in his comments: “With our Zimbabwean operations being on the verge of hopefully turning a corner, we believe that this was a good opportunity for investors to participate in a fundraise on the retail friendly platform of PrimaryBid. We wish to express our sincerest appreciation to all participants in this successful fundraise.”