Premier African Minerals Issues 1.18 Billion Share...

Premier African Minerals Issues 1.18 Billion Shares

Oscar J Jeke

Premier African Minerals Limited has confirmed that Canmax Technologies Co., Ltd has converted £272,378.20 (approximately US$368,337) of accrued interest into equity, resulting in the issuance of more than 1.18 billion new ordinary shares.

“The Company has therefore issued 1,184,253,059 new ordinary shares to Canmax at an issue price of 0.023 pence per share, the same price as the direct subscription announced on 21 August 2025,” Premier said in a statement on Tuesday.

The shares, referred to as the “Canmax Shares,” will be admitted to trading on AIM on or around 8 September 2025 and will rank pari passu with existing ordinary shares.

Following the transaction, Premier’s issued share capital now stands at 84.86 billion ordinary shares.

“This figure may be used by shareholders as the denominator for calculating whether they are required to notify an interest in, or a change to their interest in, the share capital of the Company,” the company added.

Premier also confirmed that the information constituted inside information under the UK Market Abuse Regulations. “The person who arranged the release of this announcement on behalf of the Company was Godfrey Manhambara,” it said.