Business
Exercise of Warrants and Issue of Equity
Exercise of Warrants and Issue of Equity.
About this update from Premier African Minerals Ltd.
[{"type":"text","content":"\n \nRNS Number : 5801O Premier African Minerals Limited 21 August 2017 \n\n \nPremier African Minerals Limited / Ticker: PREM / Index: AIM / Sector: Mining\nFor immediate release\n21 August 2017\nPremier African Minerals Limited \n(\"Premier\" or the \"Company\")\nExercise of Warrants and Issue of Equity \n \nPremier African Minerals Limited, the AIM-traded, multi-commodity mining and natural resource development company focused in Southern and Western Africa has today issued 3,559,479 new Ordinary Shares on an exercise of warrants as detailed below. \n \nDarwin Capital Limited (\"Darwin\"), which was awarded 3,559,479 warrants to subscribe for new Ordinary Shares as announced on 15 September 2015 has today issued a notice of exercise in respect of the entire warrant deed at the adjusted exercise price of 0.26p per new Ordinary Share for total a consideration of £9,254.65. The Company has therefore issued today 3,559,479 new Ordinary Shares to Darwin (\"Darwin Shares\").\n \nThe Darwin Shares will when issued rank pari passu in all respects with the existing ordinary shares. Application will be made for the Darwin Shares to be admitted to trading on AIM and admission is expected to take place on or around 25 August 2017.\n \nFollowing the issue of the Darwin Shares, the Company's issued share capital consists of 5,357,287,604 Ordinary Shares, with voting rights. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.\n \nThis announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.\n \nEnquiries:\n\n\n\n\nFuad Sillem\n\n\nPremier African Minerals Limited\n\n\nTel: +44 (0)7734 922074\n\n\n\n\nMichael Cornish / Roland Cornish\n\n\nBeaumont Cornish Limited\n(Nominated Adviser)\n\n\nTel: +44 (0) 207 628 3396\n\n\n\n\nJerry Keen/Edward Mansfield\n\n\nShore Capital Stockbrokers Limited\n\n\nTel: +44 (0) 207 408 4090\n\n\n\n\nJon Belliss \n\n\nBeaufort Securities Limited \n\n\nTel: +44 (0) 20 7382 8300\n\n\n\n\nCharles Goodwin/ Harriet Jackson\n\n\nYellow Jersey PR Limited\n\n\nTel: +44 (0) 7747 7882...