28 Jan 2014 12:33
Strategic Natural Resources Plc
("SNR" or the "Company")
Statement re share price rise
The board of SNR, the AIM quoted natural resources developer operating in South Africa, which owns 74% of Elitheni Coal (Pty) Limited ("Elitheni"), notes the recent rise in the Company's share price. As previously announced, the SNR board has been seeking a strategic investor in order to raise the funds required to recapitalise the Company. The Directors confirm that the Company is currently in advanced discussions with one such potential investor and will provide a further update as and when appropriate. There can be no guarantee that these discussions will result in a successful investment in the Company.
For further information, please contact:
Strategic Natural Resources plc | |
Andy Brennan, Chairman Gabriel Ruhan, CEO | +44 (0)20 3328 5656 |
Allenby Capital Limited - Nominated Adviser and Broker | |
Nick Naylor/Mark Connelly/James Reeve | +44 (0) 20 3328 5656 |
FTI Consulting | |
Ben Brewerton/Georgia Mann | +44 (0) 20 7831 3113 |
For further information about Strategic Natural Resources plc please visit www.snrplc.co.uk