Canmax Interest Conversion
Canmax converts £688,958 of accrued interest into 5.74bn new ordinary shares at 0.012p per share.
- Interest converted to shares £688,957.63
- New shares issued 5,741,313,598
- Issue price per share 0.012 pence
- Total issued share capital after issue 76,008,109,313 Ordinary Shares
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Premier African Minerals Limited ("Premier" or the "Company") announces that Canmax Technologies Co., Ltd ("Canmax") has elected to convert £688,957.63 (US$938,755.14) of the accrued interest due under the Restated and Amended Offtake and Prepayment Agreement ("Agreement") into new ordinary shares in the Company, in accordance with the terms of the Addendum to the Agreement as announced on 24 December 2024.
The Company has therefore issued today 5,741,313,598 new ordinary shares to the Investors ("Canmax Shares") at an issue price of 0.012 pence per Canmax Share, being the same issue price as the direct subscription announced on 11 June 2025.
Admission
The Canmax Shares will rank pari passu in all respects with the existing ordinary shares. Application will be made for the Canmax Shares to be admitted to trading on AIM and admission is expected to take place on or around 8 July 2025.
Total Voting Rights
Following the issue of the Canmax Shares, the Company's issued share capital consists of 76,008,109,313 Ordinary Shares, with voting rights.
Market Abuse Regulations
The person who arranged the release of this announcement on behalf of the Company was George Roach.
A copy of this announcement is available at the Company's website, www.premierafricanminerals.com.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.