Strategic Minerals PLC Issue of Equity (2673Z)
13 March 2017 - 9:41PM
UK Regulatory
TIDMSML
RNS Number : 2673Z
Strategic Minerals PLC
13 March 2017
13 March 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 the
Company has issued 8,333,333 new ordinary shares of 0.1p each in
the Company ("New Ordinary Shares") to Cornhill Capital Limited
pursuant to the exercise of warrants at 0.6p per share as announced
on 8 March 2017.
Application will be made for the New Ordinary Shares to be
admitted to trading on the AIM market of the London Stock Exchange
("Admission"). Admission is expected to occur on or around 20 March
2017.
Total voting rights
Following the issue of the New Ordinary Shares, 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
John Peters
Managing Director
www.strategicminerals.net
Follow Strategic Minerals on:
Twitter: @SML_Minerals +61 (0) 414 727
LinkedIn: www.linkedin.com/company/strategic-minerals-plc 965
SP Angel Corporate Finance LLP
Nominated Adviser and Joint
Broker
Ewan Leggat +44 (0)20 3470
Laura Harrison 0470
Optiva Securities Limited
Joint Broker +44 (0)20 3411
Graeme Dickson 1880
Yellow Jersey PR
Financial PR
Felicity Winkles
Alistair de Kare-Silver +44 (0)7825 916
Joe Burgess 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 nickel sulphides, gold and rare earths. 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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