Issue of Equity

RNS Number : 8954G
Strategic Minerals PLC
01 June 2017
 

1 June 2017

 

Strategic Minerals plc

("Strategic Minerals" or the "Company" or "SML")

 

Issue of Equity

 

Strategic Minerals PLC (AIM: SML; USOTC; SMCDY), the diversified mineral production and development company, announces that, further to the announcement of 13 March 2017 in respect  of the exercise of warrants over ordinary shares of 0.1p each in the Company ("Ordinary Shares"), application has today been made for 8,333,333 new Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange ("Admission").

 

Admission of these new Ordinary Shares is now expected to occur on 7 June 2017 and were not admitted on the previously anticipated date of 20 March 2017.

 

Total voting rights

Following the issue of the new Ordinary Shares referred to above, the total issued share capital of the Company consists of 1,226,825,560 ordinary shares of 0.1 p each ("Ordinary Shares") with voting rights.  The Company does not hold any Ordinary Shares in treasury.  Therefore, the total number of voting rights in the Company is 1,226,825,560 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

For further information, please contact:

 

Strategic Minerals plc                                                                                                                 +61 (0) 414 727 965

John Peters

Managing Director

www.strategicminerals.net

 

Follow Strategic Minerals on:
Vox Markets: 
www.voxmarkets.co.uk/company/SML

Twitter:           @SML_Minerals                                                           
LinkedIn:        
www.linkedin.com/company/strategic-minerals-plc

Facebook:       https://www.facebook.com/search/top/?q=strategic%20minerals%20plc

 

SP Angel Corporate Finance LLP

Nominated Adviser and Joint Broker

Ewan Leggat

 

   +44 (0)20 3470 0470

Optiva Securities Limited

Joint Broker

Graeme Dickson

 

  +44 (0)20 3411 1880

Yellow Jersey PR

Financial PR

Alistair de Kare-Silver

Felicity Winkles

Joe Burgess

 

  +44 (0)7825 916 715 

 

Notes to Editors

 

Strategic Minerals Plc is an AIM-quoted, diversified mineral development and production company with projects in the United States of America, the UK and Australia. The Company is focused on acquiring and developing cash generative, high quality projects which meet local market demand for commodities and utilising this cash flow to undertake value added exploration. 

 

In September 2011, Strategic Minerals purchased its first cash generating asset; 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 January 2016 with the acquisition of shares in Central Australian Rare Earths Pty Ltd, which holds tenements in Western Australia and the Northern Territory that are prospective for cobalt, gold, nickel sulphides and rare earths. The Company has since acquired all shares in Central Australian Rare Earths Pty Ltd. In May 2016, an additional exploration asset was acquired when the company entered into an agreement with New Age Exploration Limited to acquire up to 50% of the Redmoor Tin/Tungsten project in Cornwall, UK. This 50% acquisition has now been completed and drilling at the project has commenced.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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