Business
Early Release of Second Tranche of Darwin Loan
Early Release of Second Tranche of Darwin Loan.
About this update from Premier African Minerals Ltd.
[{"type":"text","content":"\n \nRNS Number : 3594G Premier African Minerals Limited 20 November 2015 \n\nPremier African Minerals Limited / Ticker: PREM / Index: AIM / Sector: Mining\n \nFor immediate release\n20 November 2015\n \nPremier African Minerals Limited (\"Premier\" or \"the Company\")\nEarly Release of Second Tranche of Darwin Loan Approved\n\nPremier African Minerals Limited, the AIM-traded, multi-commodity resource and development company focused on Southern and Western Africa, announces that Darwin Strategic Limited has agreed to bring forward the release date of the second tranche of 7 Loan Notes from the financing announced on 9 October 2015, in the amount of £157,500, and the funds will be released to Premier today. Premier is the operator of RHA and holds a 49% interest.\n \nGeorge Roach, CEO, commented:\n \n\"Use and application of funds is to provide additional working capital and support of the expedited underground developments at RHA as announced on the 27 October 2015. We anticipate a full corporate update during the coming week.\"\n \nThe terms of the Loan Notes are as set out in the announcement published on 9 October 2015. \n \nForward Looking Statements\n \nCertain 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, environmen...