Business
Togo and Mali subsidiaries sale
Togo and Mali subsidiaries sale.
About this update from Premier African Minerals Ltd.
[{"type":"text","content":"\n \n Premier African Minerals Limited / Ticker: PREM / Index: AIM / Sector: Mining \n\n3 July 2013\n\n Premier African Minerals Limited (`Premier' or `the Company') \n\n Completion of the sale of Premier's Togo and Mali subsidiaries \n\nPremier African Minerals Limited, the AIM quoted multi-commodity natural\nresource company with mineral projects located in Western and Southern Africa,\nis pleased to announce that, further to its press releases of 22 April 2013, 24\nMay 2013 and 4 June 2013, the acquisition by Ethiopian Potash Corp. (`EPC')\n(TSX Venture: FED) of Premier's Togo and Mali subsidiaries (together the\n`Transactions') was approved at the Annual and Special General Meeting of EPC\nshareholders held on 30 June 2013. The Transactions have closed in escrow\npending final approval of the TSX Venture Exchange, which is expected shortly.\nPremier will update shareholders once TSX Venture Exchange final approval is\nobtained.\n\n **ENDS** \n\nFor further information please visit www.premierafricanminerals.com or contact\nthe following:\n\nPamela Hueston Premier African Minerals Limited Tel: +44 (0) 755 778 \n 3855 \n \nTony Rawlinson Cairn Financial Advisers LLP (Nomad) Tel: +44 (0) 207 148 \n 7900 \n \nJerry Keen Shore Capital Stockbrokers Limited Tel: +44 (0) 207 408 \n (Broker) 4090 \n \nEdward Mansfield Shore Capital Stockbrokers Limited Tel: +44 (0) 207 408 \n (Broker) 4090 \n \nFelicity Edwards St Brides Media & Finance Ltd (PR) Tel: +44 (0) 20 7236 \n 1177 \n\nPremier African Minerals Limited is a multi-commodity exploration and\ndevelopment company focussed in Southern and West Africa. The Company has a\ndiverse portfolio of multi-commodity projects which includes tungsten, rare\nearth elements (`REE'), gold, lithium, tantalum and uranium in Zimbabwe and\nTogo, which span from brownfield projects with near-term production potential\nto grass-roots exploration. Premier plans to create value by implementing\ndefined exploration and development programmes to prove-up resources with a\nview to future production and/or forming strategic alliances and completing\ncorporate transactions to maximise shareholder value.\n\nWithin Premier's portfolio it has three core projects. Its flagship RHA\ntungsten project (`RHA') in Zimbabwe, has the exploration potential to host\neither a commercial scale open pit or high-grade un...