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Premier African Minerals Ltd - Togo-based southern Africa-focused miner - Investee Circum Minerals Ltd to execute new set of strategic objectives to develop its potash asset. Will engage with Canadian consultancy firm to update definitive feasibility study, and then will discuss equity financing option with lenders. Then plans to launch underwritten, non-transferable rights issue to fund working capital needs until mid-2021. Premier African hold 5.0 million Circum shares.
Current stock price: 0.097 pence
Year-to-date change: up 21%
By Eric Cunha; ericcunha@alliancenews.com
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