Director Shareholding

RNS Number : 4894T

Strategic Minerals PLC

20 July 2015

 



20 July 2015

Strategic Minerals plc

("Strategic Minerals" or the "Company")

Director dealing

Strategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral development and production company, was informed on 18 July that John Peters, CEO of the Company, acquired 3,000,000 ordinary shares in the Company at a price of 0.6p per share on 17 July 2015.  Following this purchase, Mr Peters has a beneficial interest in 8,700,000 ordinary shares in the Company, representing 0.98% of the Company's issued share capital.

Mr John Peters said, "I wanted to take part in the recent share placement but was unable to as we were in a close period.  My purchase, at significantly above market, reflects my continued confidence in the Company, its ability to complete the Tatu project and the price at which the placing was carried out."

For further information, please contact:

Strategic Minerals plc John Peters Managing Director	[phone]
Allenby Capital Limited Nominated Adviser and Joint Broker Jeremy Porter James Reeve	[phone]
Cornhill Capital Limited Joint Broker James Sheehan Colin Rowbury	[phone]
Yellow Jersey PR Financial PR Dominic Barretto Kelsey Traynor	[phone]

Notes to Editors

Strategic Minerals plc is an AIM-quoted, diversified mineral development and production company, with projects in the United States of America and New Zealand. The Company is focused on acquiring and developing cash-generative, high-quality projects that meet local market demand for commodities. 

In September 2011, Strategic Minerals purchased its first cash generating assets, the Cobre magnetite tailings dam project in New Mexico, USA, which it brought into production in 2012 and which continues to provide a revenue stream for the Company. The portfolio was expanded in March 2015 with the acquisition of the Tatu Coal Mine located in North Island, New Zealand. Strategic Minerals is now developing this project with the expectation that it will make its first thermal coal sales in H1 2016.

In addition, the Company also has an exploration iron ore project in Queensland, Australia. 

 

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