Premier African Minerals Limited Appointment of Financial Advisor for RHA (6850I)
March 23 2018 - 3:01AM
UK Regulatory
TIDMPREM
RNS Number : 6850I
Premier African Minerals Limited
23 March 2018
Premier African Minerals Limited / Ticker: PREM / Index: AIM /
Sector: Mining
For immediate release
23 March 2018
Premier African Minerals Limited
Appointment of Financial Advisor for RHA
Premier African Minerals Limited ("Premier" or the "Company") is
pleased to announce today that it has appointed Brandon Hill
Capital Limited ("Brandon Hill") as financial advisor to assist the
Company with regards to the funding and development of the RHA
Tungsten Mine in Zimbabwe ("RHA") in which Premier has a 49%
interest and is the operator.
George Roach, Premier's CEO, commented: "The ratification of the
amendments to the Indigenisation and Economic Empowerment Act
strongly reaffirms that Zimbabwe is open for business. Premier
finds itself very favourably positioned to advance its
well-established profile of exploration assets in Zimbabwe.
A major procedural hurdle in the ongoing discussions with our
joint venture partner NIEEF has now been removed.
It is with great pleasure that I welcome Brandon Hill on board,
they are widely recognised in the investment community for
providing financial advice on transactions. I am pleased that their
engagement is completely incentive driven with their principle
focus being the future development of RHA."
Enquiries:
Premier African Tel: +44 (0)7734
Fuad Sillem Minerals Limited 922074
------------------ --------------------------- -----------------
Michael Cornish Beaumont Cornish Tel: +44 (0)
/ Roland Cornish Limited 20 7628 3396
(Nominated Adviser)
------------------ --------------------------- -----------------
Jerry Keen/Edward Shore Capital Stockbrokers Tel: +44 (0)
Mansfield Limited 20 7408 4090
------------------ --------------------------- -----------------
Brandon Hill Capital Tel: +44 (0)
Jonathan Evans Limited 20 3463 5000
------------------ --------------------------- -----------------
Beaumont Cornish Limited is acting solely as the Company's
Nominated Adviser for the purposes of the AIM Rules and no one else
and will not be responsible to anyone other than the Company for
providing the protections afforded to its clients or for providing
advice in relation to the matters referred to in this
announcement.
Notes to Editors:
Premier African Minerals Limited (AIM: PREM) is a
multi-commodity mining and natural resource development company
focused in Southern and Western Africa with its flagship RHA
project in Zimbabwe.
The 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. Premier also has an interest
in Casa Mining Limited, a privately-owned exploration company that
has a 71.25% interest in the 1.5-million-ounce inferred resource
Akyanga gold deposit in the DRC.
Forward Looking Statements:
Certain statements in this announcement are or may be deemed to
be forward looking statements. Forward looking statements are
identi ed by their use of terms and phrases such as "believe"
"could" "should" "envisage" "estimate" "intend" "may" "plan" "will"
or the negative of those variations or comparable expressions
including references to assumptions. These forward-looking
statements are not based on historical facts but rather on the
Directors' current expectations and assumptions regarding the
Company's future growth results of operations performance future
capital and other expenditures (including the amount. nature and
sources of funding thereof) competitive advantages business
prospects and opportunities. Such forward looking statements re ect
the Directors' current beliefs and assumptions and are based on
information currently available to the Directors. Many factors
could cause actual results to differ materially from the results
discussed in the forward-looking statements including risks
associated with vulnerability to general economic and business
conditions competition environmental and other regulatory changes
actions by governmental authorities the availability of capital
markets reliance on key personnel uninsured and underinsured losses
and other factors many of which are beyond the control of the
Company. Although any forward-looking statements contained in this
announcement are based upon what the Directors believe to be
reasonable assumptions. The Company cannot assure investors that
actual results will be consistent with such forward looking
statements.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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