By Frank Prenesti
Date: Tuesday 16 Feb 2016
LONDON (ShareCast) - (ShareCast News) - Premier African Minerals said it had issued 78m shares in the company after Darwin Capital Ltd decided to exercise a convertible loan note.
The company said the loan notes have been used to part fund the re-opening of underground operations at RHA Tungsten, Premier's Zimbabwe tungsten project, and for working capital purposes.
Premier is the operator of RHA and holds a 49% interest.
Premier issued the shares at 0.269p each to cover the £0.2m conversion and the outstanding balance on the note is £0.95m.
At 1433 GMT, shares in the company were down 1.5% to 0.37p.
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Currency | UK Pounds |
Share Price | 0.19p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 1.00 |
52 Week Low | 0.16 |
Volume | 48,345,128 |
Shares Issued | 29,617m |
Market Cap | £56.27m |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
No dividends found |
Time | Volume / Share Price |
16:07 | 66 @ 0.20p |
16:01 | 5,128 @ 0.20p |
15:58 | 268,240 @ 0.19p |
15:55 | 536,480 @ 0.19p |
15:48 | 49,964 @ 0.20p |
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