Strategic Minerals PLC Issue of Equity (2673Z)

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                                       [phone] 
   LinkedIn: www.linkedin.com/company/strategic-minerals-plc                965 
 SP Angel Corporate Finance LLP 
  Nominated Adviser and Joint 
  Broker 
  Ewan Leggat                                                    [phone] 
  Laura Harrison                                                           0470 
 Optiva Securities Limited 
  Joint Broker                                                   [phone] 
  Graeme Dickson                                                           1880 
 Yellow Jersey PR 
  Financial PR 
  Felicity Winkles 
  Alistair de Kare-Silver                                       [phone] 
  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

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March 13, 2017 06:41 ET (10:41 GMT)