Strategic Minerals PLC PDMR Dealing (0231H)

TIDMSML

RNS Number : 0231H

Strategic Minerals PLC

02 June 2017

2 June 2017

Strategic Minerals plc

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

PDMR Dealing

The announcement released by Strategic Minerals today entitled "PDMR Dealing" at 11:01 am (RNS number 0059H) incorrectly stated the dealing date.

The remainder of the announcement is unchanged.

The full corrected text of the announcement is as follows: -

Strategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral production and development company, announces that Mrs. Kathleen Anne McInally, wife of Mr. Julien McInally, Chief Financial Officer of the Company, yesterday sold 2,137,505 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at a price of 2.4 pence per share.

Market Abuse Regulation (MAR) Disclosure

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:

 
 1.   Details of the person discharging managerial 
       responsibilities/person closely associated 
---  --------------------------------------------------------------------------- 
 a)   Name:                             Mrs. Kathleen Anne 
                                         McInally 
---  --------------------------------  ----------------------------------------- 
 2.   Reason for the notification 
---  --------------------------------------------------------------------------- 
 a)   Position/status:                  Wife of Mr. Julien 
                                         McInally, Chief Financial 
                                         Officer 
---  --------------------------------  ----------------------------------------- 
 b)   Initial notification/Amendment:   Initial notification 
---  --------------------------------  ----------------------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  --------------------------------------------------------------------------- 
 a)   Name:                             Strategic Minerals 
                                         plc 
---  --------------------------------  ----------------------------------------- 
 b)   LEI:                              213800DICA5NPVOJT776 
---  --------------------------------  ----------------------------------------- 
 4.   Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  --------------------------------------------------------------------------- 
 a)   Description of the                Ordinary shares of 
       financial instrument,             0.1p each 
       type of instrument: 
       Identification code:              GB00B4W8PD74 
---  --------------------------------  ----------------------------------------- 
 b)   Nature of the transaction:        Sale of Ordinary Shares 
---  --------------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s):            Price(s)      Volume(s) 
                                         ------------  ----------- 
                                          2.4 pence        637,505 
 
                                           2.4 pence     1,000,000 
 
                                           2.4 pence       500,000 
                                         ------------  ----------- 
---  --------------------------------  ----------------------------------------- 
 d)   Aggregated information:           Single transaction 
       Aggregated volume:                as in 4 c) above Price(s)     Volume(s) 
       Price:                            -----------  ---------- 
                                          2.4 pence    2,137,505 
                                         -----------  ---------- 
---  --------------------------------  ----------------------------------------- 
 e)   Date of the transaction:          1 June 2017 
                                         07:00hrs UTC (637,505 
                                         shares) 
 
                                         10:42hrs UTC (1,000,000 
                                         shares) 
 
                                         15:26hrs UTC (500,000 
                                         shares) 
---  --------------------------------  ----------------------------------------- 
 f)   Place of the transaction:         London Stock Exchange, 
                                         AIM (XLON) 
---  --------------------------------  ----------------------------------------- 
 

For further information, please contact:

 
  Strategic Minerals plc 
   John Peters 
   Managing Director 
   www.strategicminerals.net 
   Follow Strategic Minerals on: 
   Twitter: @SML_Minerals 
   LinkedIn: www.linkedin.com/company/strategic-minerals-plc             +61 (0) 414 
   Facebook: www.facebook.com/Strategic-Minerals-PLC-296612634111414/        727 965 
 SP Angel Corporate Finance LLP 
  Nominated Adviser and Joint Broker                                       +44 (0)20 
  Ewan Leggat                                                              3470 0470 
 Optiva Securities Limited 
  Joint Broker                                                             +44 (0)20 
  Graeme Dickson                                                           3411 1880 
 Yellow Jersey PR 
  Financial PR 
  Felicity Winkles 
  Alistair de Kare-Silver                                                +44 (0)7825 
  Joe Burgess                                                                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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June 02, 2017 07:33 ET (11:33 GMT)