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Premier African Minerals said it had converted a $1m loan to MN Holdings, the owner of the Otjozondu manganese in Namibia, into a 10% equity interest in the company.
Premier said the move gave it an 'important stake in a producing and revenue-generating manganese mine in a stable jurisdiction in Africa'.
At 9:33am: (LON:PREM) Premier African Minerals share price was 0p at 0.12p