Last checked at 2 Jun 2017 12:33
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 financial instrument, type of instrument: Identification code: | Ordinary shares of 0.1p each
GB00B4W8PD74 | ||||
b) | Nature of the transaction: | Sale of Ordinary Shares | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above
| ||||
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_MineralsLinkedIn: www.linkedin.com/company/strategic-minerals-plc Facebook: www.facebook.com/Strategic-Minerals-PLC-296612634111414/
| +61 (0) 414 727 965 |
SP Angel Corporate Finance LLP Nominated Adviser and Joint Broker Ewan Leggat
| +44 (0)20 3470 0470 |
Optiva Securities Limited Joint Broker Graeme Dickson
| +44 (0)20 3411 1880 |
Yellow Jersey PR Financial PR Felicity Winkles Alistair de Kare-Silver Joe Burgess
| +44 (0)7825 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.