Strategic Minerals PLC Directorate Changes (9007D)
12 July 2016 - 4:00PM
UK Regulatory
TIDMSML
RNS Number : 9007D
Strategic Minerals PLC
12 July 2016
12 July 2016
Strategic Minerals plc
("Strategic Minerals" or the "Company")
Directorate changes - Appointment of UK Director
Strategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified
mineral development and production company, is pleased to announce
the appointment of Mr Peter Wale as Non-Executive Director, with
immediate effect.
Mr Wale has over 20 years of diverse investing experience. After
obtaining a degree in Business Economics & Accounting at
Reading University, Mr. Wale worked in equities trading for both
Japanese and American investment firms, including Fidelity
Investments, where he was a Pan-European small and mid-cap equities
trader. He was most recently a partner and senior equities trader
at a global hedge fund, Habrok Capital LLP, which he left in March
this year but he remains an active investor.
The Directors of Strategic Minerals believe that Mr Wale's
appointment and experience, particularly as an investor in
resources companies, will support the execution of Strategic
Minerals' strategy, including its recent involvement in the Redmoor
tin/tungsten project in Cornwall.
Mr Lyle Hobbs has informed the Board that, due to an escalation
of his other business interests and the appointment of Mr Wale, he
has decided that it is an opportune time for him to step down from
the Board of the Company, with immediate effect.
Strategic Mineral's Managing Director, John Peters, said:
The Board wishes to thank Mr Hobbs for his contribution to the
Company, especially with regard to the re-organisation that he
helped institute in 2014. It also wishes to welcome Mr Wale onto
the Board and believes that, as our current second largest
shareholder and an experienced investor, he will bring considerable
commercial and corporate acumen to the Board.
Regulatory disclosures
Mr Peter Verdun Wale, aged 46, is or has been a director of the
following companies over the past five years:
Current directorships Past directorships within
the last 5 years
* None * Habrok Capital Management LLP
Mr Wale currently owns 43,864,000 ordinary shares in the
Company, equivalent to 4.11% of the Company's total issued share
capital.
For further information, please contact:
Strategic Minerals plc
John Peters
Managing Director +61 (0) 414 727 965
Allenby Capital Limited
Nominated Adviser and Joint
Broker
John Depasquale
Jeremy Porter
James Reeve +44 (0)20 3328 5656
Cornhill Capital Limited
Joint Broker
James Sheehan
Colin Rowbury +44 (0)20 3700 2516
Yellow Jersey PR
Financial PR
Dominic Barretto
Alistair de Kare-Silver +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 and Australia. The Company is focused on
acquiring and developing cash generative, high quality projects
that 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, platinum and rare earths.
Strategic Minerals has completed drill-testing of the highest
priority nickel sulphide targets within the tenements, having
successfully intersected nickel sulphide. In May 2016, the Company
also entered arrangements to buy up to 50% of the Redmoor
tin/tungsten exploration project in Cornwall, UK.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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July 12, 2016 02:00 ET (06:00 GMT)