Premier African Minerals raises £1m as shares hit new lows
Premier African Minerals Ltd raised £1 million through a share placing at 0.0136p per share, despite its shares hitting a one-year low and losing 96% of their value. The funds will be used to complete the Xinhai Flotation Plant at its Zulu Lithium project in Zimbabwe and cover operating costs and creditor management.
Topics: fundraising processing plant commissioning share dilution stock price decline