Finance Metals & Minerals News

Strategic Minerals raises £400,000 via directors’ dealings

Strategic Minerals plc has raised £400,000 before expenses by way of a placing and subscription of 106,666,667 new ordinary shares of 0.1p each at a price of 0.375p per share.

DIRECTORS DEALINGS

Peter Wale (executive director) and John Peters (managing director) have each agreed to subscribe for 4 million placing shares pursuant to the placing.  

DirectorPlacing Shares
to be issued
Resultant Shareholding
on Admission
% of Enlarged Issued
Share Capital
Peter Wale (Executive Director)4,000,00080,767,2664.01%
John Peters (Managing Director) 4,000,00069,200,0003.43%

Funds raised will go towards the company’s subsidiary Cornwall Resources Ltd engaged in the Deep Digital Cornwall and Leigh Creek copper mine in Australia.