Fourth tranche of USD1million received from Circum

RNS Number : 7756W

Premier African Minerals Limited

12 November 2014

 



Premier African Minerals Limited / Ticker: PREM / Index: AIM / Sector: Mining

12 November 2014

Premier African Minerals Limited ('Premier' or 'the Company')

Fourth tranche of USD1million received from Circum

Premier African Minerals Limited, the AIM traded, multi-commodity natural resource company with mineral projects located in Southern and Western Africa, announces that it has received the fourth tranche of USD1 million from Circum Minerals Limited.

Premier expects to receive a further USD1 million on 15 January 2015.

For further information please visit www.premierafricanminerals.com or contact the following:

Pamela Hueston	Premier African Minerals Limited	Tel: [phone]
Michael Cornish / Roland Cornish	Beaumont Cornish Limited (Nominated Adviser)	Tel: [phone]
Jerry Keen/ Edward Mansfield	Shore Capital Stockbrokers Limited	Tel: [phone]
Tim Blythe/ Halimah Hussain	Blytheweigh	Tel: [phone]

Notes

Premier African Minerals Limited (AIM: PREM) is a multi-commodity exploration and development company focused in Southern and West Africa. The Company has a diverse portfolio of multi-commodity projects which includes tungsten, rare earth elements, gold, lithium, tantalum and uranium in Zimbabwe and Togo, which span from brownfield projects with near-term production potential to grass-roots exploration. The Company holds 2 million shares in Circum Minerals Limited, the owners of the Danakil Potash Project, located in Ethiopia. At inception, the shares had a fair value of USD1.4m. Circum is fully funded to completion of feasibility study.

 

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