Strategic Minerals PLC Director Share Purchase (3614O)
01 Ottobre 2019 - 1:13PM
UK Regulatory
TIDMSML
RNS Number : 3614O
Strategic Minerals PLC
01 October 2019
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
1 October 2019
Strategic Minerals plc
("Strategic Minerals", "SML" or the "Company")
Director Share Purchase
Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a producing
mineral company actively developing projects prospective for
battery materials, has been informed that, Peter Wale, Executive
Director, acquired today a total of 3,514,942 ordinary shares of
0.1 pence each in the Company ("Ordinary Shares") at an aggregated
price of 0.719 pence per Ordinary Share.
Following this acquisition, Mr. Wale has a total beneficial
interest in 58,017,266 Ordinary Shares, representing 3.95% of the
Company's issued share capital.
PDMR Dealing
1.1 Details of the person discharging managerial responsibilities/person
1. closely associated
a) Name: Mr. Peter Wale
----------------------------------- ----------------------------------
1.2 Reason for the notification
2.
-----------------------------------------------------------------------
a) Position/status: Executive Director
----------------------------------- ----------------------------------
b) Initial notification/Amendment: Initial notification
----------------------------------- ----------------------------------
1.3 Details of the issuer, emission allowance market
3. participant, auction platform, auctioneer or auction
monitor
-----------------------------------------------------------------------
a) Name: Strategic Minerals plc
----------------------------------- ----------------------------------
b) LEI: 213800DICA5NPVOJT776
----------------------------------- ----------------------------------
1.4 Details of the transaction(s): section to be repeated
4. for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place
where transactions have been conducted
-----------------------------------------------------------------------
a) Description of the financial Ordinary shares of 0.1p each
instrument, type of instrument:
Identification code: GB00B4W8PD74
----------------------------------- ----------------------------------
b) Nature of the transaction: Purchase of shares
----------------------------------- ----------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
i. 0.6849 i. 700,000
pence ii. 1,000,000
ii.0.7199 iii.1,000,000
pence iv.814,942
iii.0.7290
pence
iv.0.7349
pence
----------------
----------------------------------- ----------------------------------
d) Aggregated information: Single transaction as in 4
Aggregated volume: c) above Price Volume
Price: 0.719 pence 3,514,942
----------
----------------------------------- ----------------------------------
e) Date of the transaction: 1 October 2019
----------------------------------- ----------------------------------
f) Place of the transaction: London Stock Exchange, AIM
(XLON)
----------------------------------- ----------------------------------
For further information, please contact:
+61 (0) 414 727
Strategic Minerals plc 965
John Peters
Managing Director
Website : www.strategicminerals.net
Email : info@strategicminerals.net
Follow Strategic Minerals on:
Vox Markets: https://www.voxmarkets.co.uk/company/SML/
Twitter: @SML_Minerals
LinkedIn: https://www.linkedin.com/company/strategic-minerals-plc
Facebook: https://www.facebook.com/search/top/?q=strategic%20minerals%20plc
+44 (0) 20 3470
SP Angel Corporate Finance LLP 0470
Nominated Adviser and Broker
Ewan Leggat
Lindsay Mair
Stephen Wong
Notes to Editors
Strategic Minerals plc is an AIM-quoted, operating minerals
company actively developing projects prospective for battery
materials. It has an operation in the United States of America and
Australia along with development projects in the UK and Australia.
The Company is focused on utilising its operating cash flows, along
with capital raisings, to develop high quality projects aimed at
supplying the metals and minerals being sought in the burgeoning
electric vehicle/battery market.
In September 2011, Strategic Minerals acquired the distribution
rights to the Cobre magnetite tailings dam project in New Mexico,
USA, a cash-generating asset, which it brought into production in
2012 and which continues to provide a revenue stream for the
Company. This operating revenue stream is utilised to cover company
overheads and invest in development projects orientated to
supplying the burgeoning electric vehicle/battery market.
In January 2016, the portfolio was expanded with the acquisition
of shares in Central Australian Rare Earths Pty Ltd, which holds
tenements in Western Australia prospective for cobalt, nickel
sulphides and rare earth elements. The Company has since acquired
all shares in Central Australian Rare Earths Pty Ltd. In September
2018, the Company entered contracts for the sale of certain CARE
tenements identified as gold targets.
In May 2016, the Company entered into an agreement with New Age
Exploration Limited and, in February 2017, acquired 50% of the
Redmoor Tin-Tungsten project in Cornwall, UK. The bulk of the funds
from the Company's investment were utilised to complete a drilling
programme that year. The drilling programme resulted in a
significant upgrade of the resource. This was followed in 2018 with
a 12-hole 2018 drilling programme has now been completed and the
resource update that resulted was announced in February 2019. In
March 2019, the Company entered into arrangements to acquire the
balance of the Redmoor Tin-Tungsten project in Cornwall. This was
completed on 24 July 2019
In March 2018, the Company completed the acquisition of the
Leigh Creek Copper Mine situated in the copper rich belt of South
Australia and brought the project into limited production in April
2019, with full production expected in 2020.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHUAAARKAARRAA
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October 01, 2019 07:13 ET (11:13 GMT)
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