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Pin to quick picksStrategic Minerals Regulatory News (SML)

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Trading of American Depository Receipts (ADR'S)

22 Feb 2012 07:00

RNS Number : 8772X
Strategic Minerals PLC
22 February 2012
 



For immediate release: 22 February 2012

 

Strategic Minerals Plc

("Strategic Minerals" or the "Company")

 

 

Trading of American Depository Receipts ("ADRs")

 

Strategic Minerals Plc (AIM: SML), the magnetite focused iron ore producer and exploration company, is pleased to announce that with effect from 21st February 2012, ADRs in the Company's ordinary shares will be traded on the Over-The- Counter ( "OTC") market in the US.

 

Each ADR represents 100 ordinary shares in Strategic Minerals. No more than 25 per cent. of the Company's issued ordinary share capital can be represented by ADRs at any given time. The ticker symbol of the ADRs is SMCDY and the CUSIP is 86277J103.

 

ADRs allow US investors to buy shares in foreign companies without the need for cross-border or cross-currency transactions. They are priced and pay any dividends in dollars and can be traded like the shares of US-based companies.

 

Strategic Minerals retains its primary listing on AIM.

 

Strategic Minerals is currently developing a portfolio of near term production and exploration projects in North America and Australia. Freighting of magnetite from its Cobre Project in New Mexico has already commenced.

 

Chairman of Strategic Minerals, Steven Saunders, commented:

"In line with our strategy to develop a portfolio of projects in North America - in addition to those in Australia - it is only logical for us to have a facility whereby our shares can be traded locally in North America."

 

 

For further information:

 

Company

Strategic Minerals plc

+61 2 9221 2095

Alex Borrelli

+44(0) 7747 020 600

 

Nominated Adviser/Joint Broker

Allenby Capital Limited

Jeremy Porter / James Reeve

+44 (0) 20 3328 5656

 

Joint Broker

Daniel Stewart & Company Plc

Sean Lunn / David Hart

+44 (0) 20 7776 6550

 

Financial Public Relations

GTH Communications Limited

Toby Hall / Suzanne Johnson Walsh

+44 (0) 20 3103 3903

 

 

 

About Strategic Minerals

Strategic Minerals plc (AIM: SML) is developing a portfolio of projects that provide near term production along with those that potentially offer longer term capital gains. Strategic Minerals currently holds iron ore stockpile assets in North America and exploration properties in Australia.

 

www.strategicminerals.net.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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Date   Source Headline
28th Jun 20198:01 amRNSTotal Voting Rights
25th Jun 20197:00 amRNSEquity Fundraising
19th Jun 20199:17 amRNSResult of AGM
10th Jun 20197:00 amRNSCobre Client Update
29th May 20198:00 amRNSRedmoor Acquisition Update
24th May 20197:27 amRNSCobre Client Update
16th May 20197:00 amRNSUpdated Redmoor Scoping Study
14th May 20197:00 amRNSFinancial Results for Year Ended 31 December 2018
13th May 20197:00 amRNSBinding Contracts Signed on Redmoor Acquisition
3rd May 20197:00 amRNSSales Commence at Leigh Creek Copper Mine
11th Apr 20197:00 amRNSLeigh Creek Production and Resource Update
11th Apr 20197:00 amRNSQ1 Cobre Magnetite Sales and Cash Balance Update
8th Apr 20197:00 amRNSRedmoor Acquisition Update
18th Mar 20197:00 amRNSStrategic Minerals to Acquire Balance of Redmoor
12th Mar 20191:30 pmRNSPurchase of Shares/PDMR Shareholding
7th Mar 20197:00 amRNSLeigh Creek Copper Mine Production Update
4th Mar 20197:00 amRNSIssue of Final Shares for Leigh Creek Copper Mine
28th Feb 20197:00 amRNSTotal Voting Rights
19th Feb 20197:00 amRNSExercise of Options and Total Voting Rights
19th Feb 20197:00 amRNSTR-1: Notification of Major Interest in Shares
18th Feb 20197:00 amRNSLeigh Creek Copper Mine Drilling Update
14th Feb 20197:00 amRNSRedmoor Mineral Resource Update
31st Jan 20197:00 amRNSTotal Voting Rights
23rd Jan 20197:00 amRNSFinal 2018 Redmoor Drilling Results
16th Jan 20197:00 amRNSQ4 Cobre Magnetite Sales and Cash Balance Update
14th Jan 20199:31 amRNSEarly Extension of Cobre Access
21st Dec 201811:10 amRNSExercise of Options and Total Voting Rights
6th Dec 20187:45 amRNSLeigh Creek Copper Mine Drilling Update
4th Dec 20187:00 amRNSElectromagnetic Survey Commences at Hanns Camp
27th Nov 20187:00 amRNSRedmoor Drilling Update
12th Oct 20187:00 amRNSLeigh Creek Copper Exploration Drilling Commenced
9th Oct 201811:22 amRNSQ3 Cobre Magnetite Sales and Cash Balance Update
3rd Oct 20187:00 amRNSRedmoor Drilling Update
28th Sep 20187:00 amRNSInterim Results - Half Year to 30 June 2018
24th Sep 201811:50 amRNSHolding(s) in Company
24th Sep 20187:00 amRNSAdditional Nickel Sulphide Prospects Identified
19th Sep 20187:16 amRNSExceptional Redmoor Assay Results
13th Sep 20187:00 amRNSCARE Gold Tenements Sale Update
3rd Sep 20187:00 amRNSCARE Gold Tenements Sale
31st Aug 20187:00 amRNSTotal Voting Rights
29th Aug 20188:14 amRNSLeigh Creek Copper Mine - Government Approvals
22nd Aug 20187:00 amRNSRedmoor Project Update
9th Aug 20187:00 amRNSExercise of Options, Allocation of New Options
8th Aug 201812:46 pmRNSExecutive Director Appointment
12th Jul 20187:00 amRNSJune Quarter Magnetite Sales and Cash Balances
20th Jun 201810:01 amRNSResult of AGM
19th Jun 20187:00 amRNSMt Weld & Hanns Camp Projects - Exploration Update
13th Jun 20187:00 amRNSLeigh Creek Copper Mine Work Programme Commenced
7th Jun 20184:06 pmRNSTemporary Amendment to Cobre Sales Contract
31st May 201811:13 amRNSCobre Sales Contract Further Update

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