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Second Sales Contract and Warrant Re-Pricing

31 Jul 2014 07:00

RNS Number : 7970N
Stratmin Global Resources PLC
31 July 2014
 



31 July 2014

 

StratMin Global Resources Plc

("StratMin" or the "Company")

 

Second Sales Contract and Warrant Re-Pricing

 

StratMin (AIM: STGR), the graphite production and exploration company with assets in Madagascar, announces a second sales contract, with a new graphite customer.

 

This established European graphite trading house has made an initial order from StratMin for the following product:

 

1. 20 tonnes of +50 mesh

2. 20 tonnes of between 80 and 50 mesh

 

Delivery of the above order is expected to be within August.

 

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.

 

Manoli Yannaghas, Managing Director, said;

 

"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.

 

"I look forward to updating the market with further orders in due course."

 

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

 

StratMin Global Resources Plc

Manoli Yannaghas (Managing Director)

 

+44 (0) 20 3691 6160

Strand Hanson (Nomad & Financial Adviser)

James Spinney / Ritchie Balmer

 

+44 (0) 20 7409 3494

Hume Capital Securities Plc (Sole Broker)

Jon Belliss / Abigail Wayne

 

+44 (0) 20 3693 1470

Blytheweigh (Financial PR)

Tim Blythe / Halimah Hussain / Camilla Horsfall

+44 (0) 20 7138 3204

 

 

-ends-

 

 

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