Premier African Minerals raises over £2m in oversubscribed offer

Aim-listed Premier African Mineral’s offer, made on Friday, to raise £1.5-million, at 0.5p per new ordinary share, received a very strong response from private and institutional investors, with the offer being oversubscribed. The offer was on a first come, first served basis and was closed early on March 26, once £2-million had been surpassed and the offer having already been 34% oversubscribed by that time.