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Update re Bass shareholding and proposed RTO

7 Mar 2017 09:32

RNS Number : 7363Y
Stratmin Global Resources PLC
07 March 2017
 

7 March 2017

 

 

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).

 

StratMin Global Resources Plc

("StratMin" or the "Company")

 

Receipt of Monies from sale of Bass Metals Ltd shareholding and Update on Proposed Reverse Takeover

 

Receipt of Bass share sale proceeds and timing confirmation for second payment from Bass Metals Ltd

 

Further to the announcement on 15 December 2016 regarding the early cash settlement of the outstanding payments from Bass Metals Ltd ("Bass") to StratMin and the facilitation of the sale of the Company's 70 million shareholding in Bass, (the "Agreement"), the Company can confirm that it has received AUS$884,000 (circa £540,000) into its UK bank account from the sale of 68 million Bass shares. The Company has received off-market transfer instructions for the remaining shares and expects to complete the transfer and receive funds of a further AUS$25,000 (circa £15,500) by 28 March 2017 in accordance with the announced Agreement. In addition, the Company is due to receive the second payment from Bass under the early settlement agreement of a further A$1,185,000 (circa £734,000) on or before March 15 2017.

 

Update on proposed Reverse Takeover of Signature Gold Limited ("Signature")

 

Further to the announcement of 2 February 2017, StratMin and Signature have made significant progress on the transaction with formal transaction documentation drafting well advanced. The parties have agreed an extension of 10 days to complete the confirmatory due diligence process to allow for the completion of reports. Once the Company completes this, StratMin will enter into a binding Scheme Implementation Agreement with Signature that will be executed as soon as practically possible thereafter.

 

The Company will make any further announcements in due course.

 

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

StratMin Global Resources Plc

Brett Boynton, CEO

+44 (0) 20 3691 6160

Allenby Capital (Nominated Adviser & Broker)

John Depasquale/ Nick Harriss/Richard A Short

+44 (0) 020 3328 5656

Optiva Securities (Broker)

Christian Dennis

+44 (0) 20 3137 1903

VSA Capital Limited (Financial Adviser)

Andrew Raca

+44 (0) 20 3005 5000

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCSSUSUWFWSEED
Date   Source Headline
19th Jul 20077:00 amRNSTransaction in Own Shares
16th Jul 20077:00 amRNSPre-Close Statement
10th Jul 20077:00 amRNSAppointment of Director
26th Jun 20077:03 amRNSPFA Legends Promotion
15th Jun 20077:01 amRNSAcquisition
31st May 20077:02 amRNSHolding(s) in Company
15th May 20077:01 amRNSResult of AGM
19th Apr 20077:01 amRNSDirectors' Dealings
18th Apr 20077:00 amRNSDirector/PDMR Shareholding
10th Apr 20074:38 pmRNSIssue of Equity
27th Mar 20077:04 amRNSFinal Results
9th Mar 200712:36 pmRNSNotice of Results
1st Mar 200711:20 amRNSHolding(s) in Company
14th Feb 20077:00 amRNSDirector/PDMR Shareholding
5th Feb 20077:01 amRNSAcquisition
26th Jan 20077:01 amRNSTrading Statement
24th Jan 20074:32 pmRNSExercise of Share Options
29th Dec 20061:12 pmRNSTotal Voting Rights
15th Dec 200612:07 pmRNSExercise of Share Options
4th Dec 20067:02 amRNSTrading Statement
27th Sep 200612:27 pmRNSIssue of Share Options
15th Sep 20067:00 amRNSInterim Results
11th Sep 20065:50 pmRNSHistoric Comparison
11th Sep 200612:10 pmRNSHolding(s) in Company
25th Aug 20064:07 pmRNSNotice of Results
18th Jul 20062:58 pmRNSProduct Launch
5th Jun 20069:17 amRNSHolding(s) in Company
24th May 20067:02 amRNSAcquisition
5th May 200611:01 amRNSHolding(s) in Company
27th Apr 20067:01 amRNSAcquisition
26th Apr 20064:16 pmRNSContract Win
30th Mar 200610:00 amRNSHolding(s) in Company
28th Mar 20063:24 pmRNSHolding(s) in Company
17th Mar 200612:14 pmRNSHolding(s) in Company
16th Mar 200610:37 amRNSHolding(s) in Company
14th Mar 20067:03 amRNSFinal Results
13th Mar 20064:08 pmRNSHolding(s) in Company
13th Mar 20064:07 pmRNSHolding(s) in Company
3rd Mar 20064:20 pmRNSHolding(s) in Company
2nd Mar 200612:45 pmRNSNotice of Results
8th Feb 20062:22 pmRNSHolding(s) in Company
31st Jan 20069:47 amRNSHolding(s) in Company
17th Jan 20067:30 amRNSHolding(s) in Company
11th Jan 20067:00 amRNSTrading Statement
21st Dec 20052:41 pmRNSHolding(s) in Company
21st Dec 20052:36 pmRNSDirector/PDMR Shareholding
15th Dec 200511:50 amRNSSecondary Placing
28th Nov 20051:45 pmRNSHolding(s) in Company
22nd Nov 20057:01 amRNSTrading Statement
5th Oct 200510:07 amRNSProduct Launch of eBizmailer

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