StratMin Global Secures AUD200,000 Loan Facility For Subsidiary

LONDON (Alliance News) - StratMin Global Resources PLC said Monday it has agreed an unsecured loan facility of up to AUD200,000 for its 93.5% owned subsidiary Graphmedia Mauritius to provide it with short term working capital.

The facility has been agreed with Consolidated Resources Pte Ltd. GBP24,212 has been drawn down under the facility as of Monday, the company said.

As Consolidated Resources has an 11.10% interest in Stratmin, and is represented on its board by Non-Executive David Premraj, this is considered a 'related party' transaction under AIM rules.

Shares in Stratmin were trading flat at 2.62 pence Monday morning.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

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