Business
Equity Fundraising and Broker Option
Equity Fundraising and Broker Option.
About this update from Strategic Minerals Plc
[{"type":"text","content":"\n \n \n RNS Number : 8945O\n Strategic Minerals PLC\n 04 June 2020\n \n \n \n \n Market Abuse Regulation (MAR) Disclosure\n \n \n 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.\n \n \n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA\n \n OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL\n .\n \n \n \n \n \n THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO BUY, ACQUIRE OR SUBSCRIBE FOR (OR THE SOLICITATION OF AN OFFER TO BUY, ACQUIRE OR SUBSCRIBE FOR) ORDINARY SHARES TO ANY PERSON WITH A REGISTERED ADDRESS IN, LOCATED IN, OR WHO IS A RESIDENT OF, THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL OR CONTRAVENE ANY REGISTRATION OR QUALIFICATION REQUIREMENTS UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.\n \n \n \n \n \n \n \n \n 4 June 2020\n \n \n Strategic Minerals plc\n \n \n (\"Strategic Minerals\", \"SML\" or the \"Company\")\n \n \n £1,100,000 Equity Fundraising and Broker Option to raise up to £100,000\n \n \n Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a producing mineral company actively developing projects prospective for battery materials, \n announces that the Company has raised £1,100,000 before expenses by way of a placing and subscription of 244,444,444 new ordinary shares of 0.1p each in the Company (\"Placing Shares\") at a price of 0.45p per share (\"Placing Price\") (altogether the \"Placing\").\n \n \n \n \n \n Highlights\n \n \n \n · \n \n £1.1m raised, primarily to settle the final payment on Redmoor purchase\n \n \n \n \n · \n \n Existing shareholders provided an opportunity to participate on the same basis as the placing\n \n \n \n \n \n \n The proceeds of the Placing will be chiefly used for payment of the remaining balance of consideration of £990,000 due to New Age Exploration Limited for the sale of its interest in Cornwall Resources Limited (\"CRL\"), the holder of the Redmoor Tin/Tungste...