31 Jul 2014 07:00
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31 July 2014
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StratMin Global Resources Plc
("StratMin" or the "Company")
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Second Sales Contract and Warrant Re-Pricing
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StratMin (AIM: STGR), the graphite production and exploration company with assets in Madagascar, announces a second sales contract, with a new graphite customer.
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This established European graphite trading house has made an initial order from StratMin for the following product:
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1. 20 tonnes of +50 mesh
2. 20 tonnes of between 80 and 50 mesh
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Delivery of the above order is expected to be within August.
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In accordance with the terms of the convertible loan notes issued to Darwin Strategic Limited on 5 December 2013 (the "Fundraise"), and which were subsequently repaid on 7 April 2014, the exercise price of the 4,024,402 warrants issued as part of the Fundraise has been reset, in accordance with the terms of the instrument, to 10.22 pence.
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Manoli Yannaghas, Managing Director, said;
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"I am delighted that StratMin has secured this additional sales contract, evidence that we are extending our reach to the European and US graphite markets.
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"I look forward to updating the market with further orders in due course."
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For further information please visit www.stratminglobal.com or contact:
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StratMin Global Resources Plc Manoli Yannaghas (Managing Director) Β | +44 (0) 20 3691 6160 |
Strand Hanson (Nomad & Financial Adviser) James Spinney / Ritchie Balmer Β | +44 (0) 20 7409 3494 |
Hume Capital Securities Plc (Sole Broker) Jon Belliss / Abigail Wayne Β | +44 (0) 20 3693 1470 |
Blytheweigh (Financial PR) Tim Blythe / Halimah Hussain / Camilla Horsfall | +44 (0) 20 7138 3204 |
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