Premier African Minerals Issues 1.18B Shares to Settle £217K Debt

Deal Summary

Premier African Minerals Ltd., a London‑listed miner, issued 1.18 billion new shares at 0.0185 pence each to settle £217,000 of creditor bills and unpaid salaries, raising roughly $0.27 million. The issuance pushes the total share count to 39.3 billion, valuing the company at about £7.3 million. The share placement was announced today.