Canmax Interest Conversion
Premier African Minerals Limited has announced that Canmax Technologies Co., Ltd has converted £77,233.89 of accrued interest into 134,319,818 new ordinary shares at 0.0575 pence per share. These new shares will rank pari passu with existing shares, and admission to trading on AIM is expected around December 22, 2025. Following this issuance, the company's total issued share capital stands at 9,489,787,939 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 £77,233.89 (approximately US$103,246.26) 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 134,319,818 new ordinary shares to Canmax ("Canmax Shares") at an issue price of 0.0575 pence per Canmax Share, being the same issue price as the direct subscription announced on 27 November 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 22 December 2025.
Total Voting Rights
Following the issue of the Canmax Shares, the Company's issued share capital consists of 9,489,787,939 Ordinary Shares, with voting rights.
Market Abuse Regulations
The person who arranged the release of this announcement on behalf of the Company was Graham Hill.
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.