London-listed Premier African Minerals completes a subscription to raise about £1.2 million before expenses, through the issue of 27.52 billion new ordinary shares of nil par value.
The shares are issued at an issue price of 0.00436p each. The company says the net proceeds will be used as additional working capital to support its Zimbabwe project. Across the reports, the reported size of the fundraising, the number of shares issued, and the subscription price are the same, with both outlets attributing the announcement to the same set of figures.
Neither report provides further detail on the specific project activities or timing for the funds’ deployment beyond the stated working-capital purpose. No contrasting interpretations or additional outcomes are described in the sources provided.
