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.
| Director | Placing Shares to be issued | Resultant Shareholding on Admission | % of Enlarged Issued Share Capital |
| Peter Wale (Executive Director) | 4,000,000 | 80,767,266 | 4.01% |
| John Peters (Managing Director) | 4,000,000 | 69,200,000 | 3.43% |
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.