https://www.engineeringnews.co.za
PROJECT|Projects
PROJECT|Projects
project|projects

Premier secures $350 000 loan

21st June 2019

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

Aim-listed Premier African Minerals on Friday announced it had entered into a $350 000 loan and subscription agreement with Regent Mercantile Holdings.

Should Premier fail to repay the loan in two equal payments on August 1 and September 1, Regent may convert any percentage of repayment into new Premier shares at a conversion price equal to 90% of the daily volume weighted average price.

The loan agreement is secured over 350 000 shares of Circum Minerals. Premier holds about five-million shares in Circum, which owns the Danakil potash project, in Ethiopia.

Premier will use the funds to advance its RHA tungsten and its Zulu lithium projects, in Zimbabwe.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.052 0.106s - 158pq - 2rq
Subscribe Now