Business
Settlement of Leigh Creek Copper Mine
Settlement of Leigh Creek Copper Mine.
About this update from Strategic Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 7450G Strategic Minerals PLC 06 March 2018 \n\nMarket Abuse Regulation (MAR) Disclosure\nCertain 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 \n6 March 2018\n \nStrategic Minerals plc\n(\"Strategic Minerals\", \"SML\" or the \"Company\")\n \nSettlement of Leigh Creek Copper Mine\n \n \nStrategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral development and production company, is pleased to announce that, further to its announcement on 27 February 2018, the acquisition of the Leigh Creek Copper Mine has now settled. Payment of AUD 1,500,000 (approx. GBP 850,000) has been made to the vendor and the subsequent issue of SML shares valued at AUD 1,450,000, based on the volume weighted average share price throughout the month of March, are due to be issued in early April. These shares are subject to dealing restrictions, with one third being locked-up for three months after issue, and another third being locked-up for six months after issue. \n \n \nFor further information, please contact:\n \n\n\n\n\nStrategic Minerals plc\n\n\n+61 (0) 414 727 965\n\n\n\n\nJohn Peters\n\n\n\n\n\n\n\nManaging Director\n\n\n\n\n\n\n\nwww.strategicminerals.net\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFollow Strategic Minerals on:\n\n\n\n\n\n\n\nVox Markets:\n\n\nhttps://www.voxmarkets.co.uk/company/SML/\n\n\n\n\nTwitter: \n\n\n@SML_Minerals\n\n\n\n\nLinkedIn:\n\n\nhttps://www.linkedin.com/company/strategic-minerals-plc\n\n\n\n\nFacebook:\n\n\nhttps://www.facebook.com/search/top/?q=strategic%20minerals%20plc\n\n\n\n\n\n\n\n\n\n\n\n\nSP Angel Corporate Finance LLP\n\n\n+44 (0) 20 3470 0470\n\n\n\n\nNominated Adviser and Joint Broker\n\n\n\n\n\n\n\nEwan Leggat\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nYellow Jersey PR\n\n\n+44 (0) 20 3735 8825 \n\n\n\n\nFinancial PR\n\n\n\n\n\n\n\nCharles Goodwin\n\n\n+44 (0) 7747 788 221\n\n\n\n\nJoe Burgess\n\n\n+44 (0) 7769 325 254\n\n\n \n\n\n\n\nHenry Wilkinson\n\n\n+44 (0) 7951 402 336\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n \nNotes to Editors\n \nStrategic Minerals Plc is an AIM-quoted, diversified mineral exploration, development and productio...