19 February
2024
Premier African Minerals
Limited
Director Loan
The Board of Premier African
Minerals Limited ("Premier"
or the "Company") announces
that settlement of the Loan Facility Agreement provided by George
Roach is due. George Roach has agreed with the Board of Premier
that settlement will not be made in cash from any proceeds of funds
now raised and will be dealt with by the Board of Premier in due
course.
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.
A copy of this announcement is
available at the Company's website, www.premierafricanminerals.com.
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
|
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 the Subscription 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 announcement and no liability whatsoever is accepted by
Beaumont Cornish for the accuracy of any information or opinions
contained in this announcement 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.
Forward
Looking Statements
Certain statements in this announcement are or
may be deemed to be forward looking statements. Forward looking
statements are identified by their use of terms and phrases such as
''believe'' ''could'' "should" ''envisage'' ''estimate'' ''intend''
''may'' ''plan'' ''will'' or the negative of those variations or
comparable expressions including references to assumptions. These
forward-looking statements are not based on historical facts but
rather on the Directors' current expectations and assumptions
regarding the Company's future growth results of operations
performance future capital and other expenditures (including the
amount. Nature and sources of funding thereof) competitive
advantages business prospects and opportunities. Such forward
looking statements reflect the Directors' current beliefs and
assumptions and are based on information currently available to the
Directors. A number of factors could cause actual results to differ
materially from the results discussed in the forward-looking
statements including risks associated with vulnerability to general
economic and business conditions competition environmental and
other regulatory changes actions by governmental authorities the
availability of capital markets reliance on key personnel uninsured
and underinsured losses and other factors many of which are beyond
the control of the Company. Although any forward-looking statements
contained in this announcement are based upon what the Directors
believe to be reasonable assumptions. The Company cannot assure
investors that actual results will be consistent with such forward
looking statements.
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.
Ends