StockMarketWire.com - Premier African Minerals said it had successfully completed due diligence on assets it wished to acquire from KME Holdings for $4m.
The companies had now 'agreed to proceed to a formal framework agreement,' Premier African Minerals said.
They were pushing on irrespective of the outcome of ongoing discussions that were expected to resolve the equity status at RHA tungsten mine.
'Shareholders are reminded that this transaction is subject to their approval, completion and signing of the formal framework agreement and regulatory approval,' the company said.
At 1:26pm: [LON:PREM] Premier African Minerals share price was +0.02p at 0.14p
Story provided by StockMarketWire.com
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