Business
Update on the Acquisition of Mining Assets
Update on the Acquisition of Mining Assets.
About this update from Premier African Minerals Ltd.
[{"type":"text","content":"\n \nRNS Number : 4084W Premier African Minerals Limited 17 April 2019 \n\nPremier African Minerals Limited / Ticker: PREM / Index: AIM / Sector: Mining\nFor immediate release\n \n17 April 2019\n \nPremier African Minerals Limited\n \nUpdate on the Acquisition of Gold and Mining Equipment Assets \n \nPremier African Minerals Limited (\"Premier\" or the \"Company\") announces that following the announcement on 14 February 2019, which outlined the proposed conditional acquisitions of 50% of KME Plant (Proprietary) Limited (\"KME Plant Hire\") and 50% of the equity in Honey Badger Resources Limited (\"HBR\"), Premier will now not proceed with either transaction until there is some finality on the future of RHA Tungsten (Private) Limited (\"RHA\"). Accordingly, the proposed transactions with KME Plant Hire and HBR have been terminated today. \nPremier notes that pursuant to our announcement on 13 March 2019, the final agreements are with the office of the Ministry of Industry, Commerce and Enterprise Development (\"Ministry\") and Premier now awaits final sign-off.\n \nThis announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. The person who arranged the release of this announcement on behalf of the Company was George Roach.\n \nEnquiries:\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) 20 7628 3396\n\n\n\n\nJerry Keen/Edward Mansfield\n\n\nShore Capital Stockbrokers Limited\n\n\nTel: +44 (0) 20 7408 4090\n\n\n\n \nNotes to Editors:\nPremier 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.\n \nThe Company has a diverse portfolio of projects, which include tungsten, rare earth elements, lithium and tantalum in Zimbabwe, encompassing brownfield projects with near-term production potential to grass-roots exploration. In addition, the Company holds 5,010,333 shares in Circum Minerals Limited (\"Circum\"), the owners of the Danakil Potash Project in Ethiopia, which has the potential to be a world class asset. \n \n \nForward Looking Statements:\nCert...