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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Strategic Nat. | LSE:SNRP | London | Ordinary Share | GB00B1VQ5F36 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.875 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jun 2019 to Jun 2024
TIDMSNRP
RNS Number : 8090G
Strategic Natural Resources PLC
12 May 2014
Strategic Natural Resources Plc
("SNR" or the "Company")
Update on discussions with London Commodity Brokers and the potential funding
Further to the announcement by the Company on 25 April 2014, the board of SNR, the AIM quoted natural resources developer operating in South Africa, which indirectly owns 74% of Elitheni Coal (Pty) Limited ("Elitheni"), announces that the Company continues to hold discussions with London Commodity Brokers ("LCB") regarding a settlement of amounts potentially owed to LCB. In light of these discussions both LCB and the Company have agreed to apply to adjourn the winding up hearing, which is taking place today, for one week.
The Company is still in advanced discussions with a potential investor and hopes to soon be in a position to finalise and announce the terms of a fundraising, to be effected through the issue of new ordinary shares of SNR. There can be no guarantees this proposed fundraising will be completed and in the event that the Company is unable to successfully raise funds then the board of SNR will have to take steps to protect the interests of the Company's creditors.
Further updates will be provided as and when appropriate.
For further information, please contact:
Hot Features
Premium
Strategic Natural Resources plc
Andy Brennan, Chairman
Gabriel Ruhan, CEO +44 (0)20 3328 5656
---------------------
Allenby Capital Limited - Nominated Adviser and Broker
---------------------
Nick Naylor/James Reeve +44 (0) 20 3328 5656
---------------------
For further information about Strategic Natural Resources plc please visit www.snrplc.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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