Premier African Minerals Limited
Result of General Meeting
Offtake and Prepayment Agreement Update
Premier African Minerals Limited (“Premier” or the “Company”), is pleased to announce that the resolution proposed to shareholders at the General Meeting held on 12 August 2023 was duly passed. The full text of the resolution was included in the notice of the General Meeting of the Company which was made available from 21 July 2023 for download via the Company’s website at:
The Company has also agreed the terms of an amended Offtake and Prepayment Agreement with Canmax Technologies Co., Ltd (“Canmax”) and a further announcement will be made shortly. As Canmax is interested in 13.38 per cent. of the issued share capital of the Company, the amendment to the Offtake and Prepayment Agreement is a related party transaction for the purposes of Rule 13 of the AIM Rules and will be dealt with accordingly.
The Company has also now elected to draw down on the entire £2 million Amended Facility entered into with George Roach (as previously announced on 9 August 2023) immediately on announcement of the full terms of the amended Offtake and Prepayment Agreement with Canmax.
Market Abuse Regulation
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018.
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
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