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Exercise of warrants

29 Jul 2011 14:00

RNS Number : 3894L
Strategic Minerals PLC
29 July 2011
 



29 July 2011

Strategic Minerals plc

("Strategic Minerals" or the "Company")

 

Exercise of Warrants

 

Strategic Minerals plc (AIM: SML), the Queensland based minerals exploration Company, announces that Allenby Capital Limited has today exercised warrants to acquire 500,000 new ordinary shares of 0.1p each in the Company (the "Warrant Shares"). The exercise price was 5 pence per Warrant Share, raising a total of £25,000 for the Company. These warrants were issued to Allenby Capital Limited pursuant to a warrant agreement dated and announced on 30 June 2011 (the "Warrant Instrument").

 

Application will be made for the Warrant Shares, which will rank pari passu with the Company's existing ordinary shares in issue, to be admitted to trading on AIM ("Admission"). It is expected that admission will be effective and that dealings in the Warrant Shares will commence on or around 04 August 2011.

 

Following the issue of the Warrant Shares, the enlarged issued share capital of the Company will be 297,880,539 ordinary shares of 0.1p each. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

 

For further information, please contact:

 

Company

Strategic Minerals plc

+61 755 324 448

Matthew Bonthrone

+44 (0) 7730 402 783

Nominated Adviser/Broker

Allenby Capital

Brian Stockbridge/Alex Price

+44 (0) 203328 5656

Public Relations

Threadneedle Communications

Laurence Read/ Beth Harris

+44 (0) 20 7653 9850

Retail Investor Relations

GTH Communications Limited

Toby Hall

+44 (0) 20 3103 3903

 

About Strategic Minerals plc

Strategic Minerals is a Queensland-based company incorporated in the UK on 16 November 2010. The Company's wholly owned subsidiary, Iron Glen Pty Ltd, has title to the Iron Glen Tenement which is located approximately 40 kilometres southwest of Townsville, Queensland. The Tenement covers an area of 2,100 hectares and lies 10kms from existing rail and road infrastructure that links into Townville's deep water port which has all year round bulk loading facilities. For further information please visit the Company's website at www.strategicminerals.co.uk

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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