Less Ads, More Data, More Tools Register for FREE

Pin to quick picksStratmin Global Resources Regulatory News (STGR)

  • There is currently no data for STGR

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Bass Metals Ltd Investment Update

18 Sep 2015 11:37

RNS Number : 5190Z
Stratmin Global Resources PLC
18 September 2015
 

18 September 2015

 

StratMin Global Resources Plc

("StratMin" or the "Company")

Bass Metals Ltd Investment Update

Further to the announcement on 2 September 2015 regarding the investment by ASX-listed Bass Metals Ltd ("Bass") into the Company's subsidiary, Graphmada Mauritius, Stratmin notes the announcement made by Bass today regarding the investment into Graphmada Mauritius and provides the full text of that announcement below:

 

 

Green light for acquisition of Graphmada investment

 

Highlights

· Due diligence complete and supports acquisition strategy

· Funding options for first tranche commenced

 

Bass Metals (Bass, ASX: BSM) has successfully completed due diligence of the Madagascan graphite operations with AIM listed Stratmin Global Resources Plc (Stratmin, AIM:STG).

 

The process brought management teams together to review legal and technical information as well as providing an opportunity to discuss future growth of the projects.

 

Having satisfied the primary diligence requirements, Bass is now moving immediately to funding of the first tranche of the acquisition; the right to subscribe GBP 500,000 (A$1million).

 

Initial conversations with investors have indicated keen interest and support of the strategy.

 

Rick Anthon, Bass Chairman commented: "Completion of the various technical, legal and commercial reviews is an important milestone for Bass in making this investment. Our initial announcement attracted a positive response from the London market and the collaboration between Stratmin and Bass."

 

Research released last week by London based Allenby Capital Ltd including commentary on the transaction is available at their website below:

 

http://allenbycapital.com/research.html

 

 

The Company looks forward to providing further updates as and when appropriate.

 

 

For further information please visit www.stratminglobal.com or contact:

 

StratMin Global Resources Plc

Brett Boynton, CEO

+44 (0) 20 3691 6160

Strand Hanson (Nominated & Financial Adviser)

Rory Murphy / James Spinney / Ritchie Balmer

+44 (0) 20 7409 3494

Beaufort Securities (Broker)

Jon Belliss

+44 (0) 20 7382 8300

Blytheweigh (Financial PR)

Halimah Hussain / Megan Ray

+44 (0) 20 7138 3204

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCPKFDNKBKDPCD
Date   Source Headline
8th Jan 20089:47 amRNSEPT Disclosure
7th Jan 20082:26 pmRNSHolding(s) in Company
7th Jan 200810:42 amRNSEPT Disclosure
4th Jan 200812:47 pmRNSEPT Disclosure
3rd Jan 200810:40 amRNSEPT Disclosure
2nd Jan 20089:50 amRNSEPT Disclosure
31st Dec 200710:53 amRNSEPT Disclosure
28th Dec 200710:23 amRNSEPT Disclosure
27th Dec 20079:50 amRNSEPT Disclosure
24th Dec 20079:56 amRNSEPT Disclosure
21st Dec 200710:29 amBUSRule 8.3 - Interactive Prospect Targeting
21st Dec 20079:47 amRNSEPT Disclosure
20th Dec 200710:46 amRNSEPT Disclosure
19th Dec 20072:22 pmRNSEPT Disclosure
18th Dec 200710:13 amRNSEPT Disclosure
18th Dec 20077:02 amRNSTrading Statement
17th Dec 200711:49 amRNSEPT Disclosure
14th Dec 200710:31 amRNSEPT Disclosure
13th Dec 200711:02 amRNSEPT Disclosure
12th Dec 200712:20 pmRNSEPT Disclosure
11th Dec 200711:56 amRNSEPT Disclosure
7th Dec 200711:25 amRNSEPT Disclosure
6th Dec 20075:54 pmRNSHolding(s) in Company
6th Dec 20079:25 amRNSEPT Disclosure
5th Dec 200710:52 amRNSEPT Disclosure
4th Dec 20075:31 pmRNSHolding(s) in Company
4th Dec 200710:48 amRNSEPT Disclosure
3rd Dec 200710:52 amRNSEPT Disclosure
3rd Dec 20078:46 amBUSRule 8.3 - Interactive Prospect Targeting Holding Plc
30th Nov 200712:42 pmRNSEPT Disclosure
30th Nov 200710:03 amBUSRule 8.3 - Interactive Prospect Targeting Holdings IPH LN
30th Nov 20077:01 amRNSHolding(s) in Company
29th Nov 200711:48 amRNSEPT Disclosure
28th Nov 20079:49 amRNSEPT Disclosure
27th Nov 200711:53 amBUSRule 8.3 - Interactive Prospect Targeting Holding
27th Nov 20079:47 amRNSEPT Disclosure
27th Nov 20077:01 amRNSHolding(s) in Company
26th Nov 200711:15 amRNSEPT Disclosure
23rd Nov 20079:37 amRNSEPT Disclosure
22nd Nov 200710:05 amRNSEPT Disclosure
21st Nov 20076:20 pmRNSHolding(s) in Company
21st Nov 200712:09 pmRNSRule 8.3-Interactive Prospect
21st Nov 200710:50 amRNSEPT Disclosure
20th Nov 200710:34 amRNSEPT Disclosure
19th Nov 200712:32 pmRNSEPT Disclosure
19th Nov 200710:32 amBUSRule 8.3 - Interactive Prospect Targeting Holding Plc
16th Nov 20073:06 pmBUSRule 8.3 - Interactive Prospect Targeting Holdings Plc
16th Nov 200710:37 amRNSEPT Disclosure
15th Nov 200710:12 amRNSEPT Disclosure
14th Nov 20074:53 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.