Canmax Interest Conversion
Premier African Minerals Limited has announced that Canmax Technologies Co., Ltd has converted £177,329 (US$242,949) of accrued interest into 591,096,745 new ordinary shares at 0.03 pence per share. These new shares will rank pari passu with existing shares and are expected to be admitted to AIM trading around February 11, 2026. Following this issuance, the Company's total issued share capital stands at 13,907,551,350 ordinary shares with voting rights.
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Premier African Minerals Limited ("Premier" or the "Company") announces that Canmax Technologies Co., Ltd ("Canmax") has elected to convert £177,329 (US$242,949) 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 591,096,745 new ordinary shares to the Investors ("Canmax Shares") at an issue price of 0.03 pence per Canmax Share, being the same issue price as the direct subscription announced on 21 January 2026.
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 11 February 2026.
Total Voting Rights
Following the issue of the Canmax Shares, the Company's issued share capital consists of 13,907,551,350 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.