Strategic Natural Resources PLC Notice of general meeting (9957I)
06 June 2014 - 4:00PM
UK Regulatory
TIDMSNRP
RNS Number : 9957I
Strategic Natural Resources PLC
06 June 2014
6 June 2014
Strategic Natural Resources plc
("Strategic Natural Resources" or the "Company")
Notice of general meeting, LCB settlement update and
subscription update
Notice of general meeting
The Board of Strategic Natural Resources will shortly post to
shareholders a circular convening a general meeting of the Company,
to be held at 10.00am on 30 June 2014 at the offices of Memery
Crystal LLP, 44 Southampton Buildings, London, WC2A 1AP (the
"General Meeting"). At the General Meeting the Board will seek
approval to increase the Company's authority to issue and allot
shares. A copy of the General Meeting circular will also available
from the Company's website, www.snrplc.co.uk, once it has been
posted to shareholders
Update on settlement with LCB
Further to the announcement by the Company on 13 May 2014 the
Board has agreed to amend the settlement terms with London
Commodity Brokers ("LCB") such that the sum of GBP60,000 of the
second settlement was paid on 3 June 2014 and the remaining balance
of GBP90,000 will be paid on 12 June 2014. Further, the Company has
agreed, for commercial reasons, to issue LCB 3,500,000 new ordinary
shares in SNR, rather than the 1,666,667 originally agreed. These
shares will be issued to LCB as soon as practicable after 6 June
2014. LCB has agreed to the withdrawal of the winding up petition
at a hearing scheduled for 16 June 2014.
Subscription update
The Company and Target Alliance have agreed to defer the
admission of the 10,000,000 Further Subscription Shares to trading
on AIM until 11 June 2014 (previously 9 June 2014).
For further information, please contact:
Strategic Natural Resources plc
Alexander MacDonald, Chief Executive Officer
Gabriel Ruhan, Non-Executive Director +44 (0)20 3328 5656
Allenby Capital Limited
Nominated Adviser
Nick Naylor
James Reeve +44 (0)20 3328 5656
NB: Definitions in this announcement shall have the same meaning
as defined in the Company's announcement on 13 May 2014, unless
otherwise defined herein.
This information is provided by RNS
The company news service from the London Stock Exchange
END
NOEQKPDBBBKBFAK
Strategic Natural (LSE:SNRP)
Historical Stock Chart
From May 2024 to Jun 2024
Strategic Natural (LSE:SNRP)
Historical Stock Chart
From Jun 2023 to Jun 2024