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Premier African Minerals listing on AIM

10 December 2012

Harneys recently acted as BVI counsel to Premier African Minerals Limited in its listing on the AIM market of the London Stock Exchange. The company raised gross proceeds of £1.5 million from the placing of 75,000,000 new ordinary new shares. The company had a market capitalisation of £6.7 million on admission.

Premier African Minerals is a minerals exploration and development company formed for the purpose of acquiring mineral assets in Africa and currently has projects in Togo, Zimbabwe and Mali. The funds raised from the placing will be used to advance the company's key projects in Zimbabwe.

Senior Associate Erica Mandryko advised Premier from the firm's BVI office. The listing was completed on 10 December 2012.