4th Nov 2009 07:00
04 November 2009
Strategic Natural Resources plc (AIM: SNRP)
Issue of Equity
AIM quoted Strategic Natural Resources PLC ("SNR" or the "Company") announces that that it has raised £650,000 before expenses through the issue of 6,500,000 new ordinary shares in the Company at 10p per share, via a placing with institutional and other investors, and that the new ordinary shares have now been issued and allotted. The funds raised under the Placing will be used for general working capital purposes.
The new ordinary shares will rank in full for all dividends or other distributions hereafter declared, made or paid on the ordinary share capital of the Company and will rank pari passu in all other respects with all other ordinary shares in issue.
Application has been made to the London Stock Exchange for the new ordinary shares to be admitted to trading on AIM and it is expected that the new ordinary shares will be admitted to trading on or around 09 November 2009.
The total number of ordinary shares in issue following the Placing will be 74,938,333.
For further information contact:
The Company:
Jeremy Metcalfe, Chief Executive Officer
Strategic Natural Resources PLC
Tel: +441303 872453
David Nel, Chief Operations Officer
Strategic Natural Resources PLC Tel: + 27 41 374 0842
Nominated Adviser:
Rod Venables/James Reeve
Allenby Capital Limited
Tel: +44 20 3328 5656
Broker:
Nicholas Malins-Smith/James WoodHichens, Harrison plc Tel: +44 20 7382 4450
Related Shares:
SNRP.L