Canmax Interest Conversion
Canmax converts £272,378 of accrued interest into 1.18bn new ordinary shares at 0.023p per share.
- Interest converted £272,378.20
- New shares issued 1,184,253,059
- Issue price per share 0.023 pence
- Total issued shares post-issuance 84,859,029,039
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Premier African Minerals Limited ("Premier" or the "Company") announces that Canmax Technologies Co., Ltd ("Canmax") has elected to convert £272,378.20 (approximately US$368,337) of 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 1,184,253,059 new ordinary shares to Canmax ("Canmax Shares") at an issue price of 0.023 pence per Canmax Share, being the same issue price as the direct subscription announced on 21 August 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 September 2025.
Total Voting Rights
Following the issue of the Canmax Shares, the Company's issued share capital consists of 84,859,029,039 Ordinary Shares, with voting rights.
Market Abuse Regulations
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.