The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

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

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
12th Jan 20123:32 pmRNSStrategic Review and Investment
5th Jan 20124:10 pmRNSHolding(s) in Company
4th Jan 20123:57 pmRNSIssue of Equity
22nd Dec 201111:20 amRNSHolding(s) in Company
21st Dec 20119:15 amRNSDirectorate Change
16th Nov 20115:12 pmRNSDirectorate Change
10th Nov 20114:01 pmRNSNet Asset Value(s)
9th Nov 201110:51 amRNSHolding(s) in Company
8th Nov 20117:00 amRNSDirectorate Change
14th Oct 20113:28 pmRNSStrategic Review and Subscription
30th Sep 20117:00 amRNSInterim Results
30th Aug 20115:41 pmRNSHolding(s) in Company
1st Aug 201112:49 pmRNSResult of AGM
14th Jul 20114:50 pmRNSQuarterly NAV Update
8th Jul 201110:02 amRNSNotice of AGM
1st Jul 201110:58 amRNSPosting of Annual Report
30th Jun 20112:20 pmRNSFinal Results
14th Jun 20113:45 pmRNSResult of General Meeting
8th Jun 20112:36 pmRNSCirc re. GM
28th Apr 20117:00 amRNSTotal Voting Rights
8th Apr 20113:24 pmRNSNAV and Performance Fee
1st Mar 20114:55 pmRNSHolding(s) in Company
28th Feb 20119:32 amRNSIssue of Equity
11th Feb 20111:00 pmRNSChange of Website
8th Feb 201112:31 pmRNSChange of Name
7th Jan 20114:08 pmRNSResult of General Meeting
16th Dec 20101:38 pmRNSNotice of EGM
30th Nov 20101:57 pmRNSHolding(s) in Company
17th Nov 20104:30 pmRNSDirectorate Changes & Update
10th Nov 201011:10 amRNSDirectorate Change
10th Nov 201010:31 amRNSReplacement Holding in Company
10th Nov 20108:57 amRNSReplacement Holding in Company
9th Nov 20102:58 pmRNSHolding(s) in Company
9th Nov 201012:43 pmRNSDirectorate Change
8th Nov 201012:18 pmRNSHolding(s) in Company
8th Nov 201012:14 pmRNSHolding(s) in Company
5th Nov 20104:59 pmRNSDirector/PDMR Shareholding
5th Nov 20104:57 pmRNSHolding(s) in Company
1st Nov 20102:25 pmRNSTrading Update
1st Nov 201012:38 pmRNSHolding(s) in Company
29th Sep 20107:00 amRNSHalf Yearly Report
13th Sep 20102:58 pmRNSHolding(s) in Company
6th Sep 20104:05 pmRNSHolding(s) in Company
12th Aug 201012:32 pmRNSHolding(s) in Company
29th Jul 20109:44 amRNSDirector/PDMR Shareholding
29th Jul 20109:21 amRNSHolding(s) in Company
21st Jul 20109:42 amRNSHolding(s) in Company
30th Jun 20105:36 pmRNSAnnual Financial Report
29th Jun 20106:26 pmRNSFinal Results
28th Jun 20102:43 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.