Premier agrees to amended terms for KME acquisition, welcomes Ministry’s financial assistance

The board of Aim-listed Premier African Minerals has agreed to amended terms with KME Holdings for the proposed acquisition of KME’s assets and has, in addition, agreed to terms for the acquisition of 50% of the equity in the Zimbabwe-based near-term gold producer Honey Badger Resources (HBR). The amended terms include Premier buying 50% of the KME plant for $1.4-million, to be settled in new Premier ordinary shares.