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Issue of Equity

3 Oct 2012 11:28

RNS Number : 8237N
Stratmin Global Resources PLC
03 October 2012
 



StratMin Global Resources plc

 

 (AIM: STGR)

 

Issue of Equity

 

Further to the announcement on 25 September, StratMin Global Resources Plc ("StratMin" or the "Company"), the AIM quoted natural resource investment company, has been approached by Optiva Securities Limited on behalf of a number of their clients seeking to participate in a further placing.

The Company has considered these requests and is pleased to announce the completion of a further placing which has raised £400,000 by way of an issue of 8,000,000 new ordinary shares of 0.4 pence each at a placing price of 5 pence per share.

Application will be made for the new ordinary shares to be admitted to AIM. Admission is expected to occur on 9 October 2012. On admission, the new ordinary shares will rank pari passu with the existing ordinary shares in the Company, and the Company will have 90,299,977 Ordinary Shares in issue.

 

Gobind Sahney, Chairman of Stratmin commented, "While StratMin is adequately funded for all current investment commitments, we continue to see considerable demand from investors to participate in the future growth strategy of the Company. We welcome this endorsement of the Company's strategy of focusing on taking meaningful ownership positions of operating companies and assets that have potential for significant growth."

StratMin is an investing company focussed on seeking out investment opportunities in the natural resource and extractive industries sector.  The Group's objective is to take meaningful ownership positions of operating companies and assets that have potential for significant growth, whose value can be enhanced with our capital and expertise.

 

 

Enquiries:

 

StratMin Global Resources Plc

Gobind Sahney

+44 (0) 207 467 1700

Libertas Capital Corporate Finance Limited

Sandy Jamieson

+44 (0) 207 569 9650

Peterhouse Corporate Finance

Jon Levinson

+ 44 (0) 20 7562 3357

Optiva Securities Limited

Jeremy King

+44 (0) 20 3137 1904

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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