Issue of Equity
04 November 2009
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, please contact:
Strategic Natural Resources plc
David Nel, Chief Executive Officer
+27 (0) 41 374 0842
Jeremy Metcalfe, Communications Director
+44 (0)7785 346 718
Nominated Adviser and Joint Broker - Allenby Capital Limited
Nick Naylor / Alex Price / James Reeve
+44 (0) 20 3328 5656
Joint Broker - SP Angel Corporate Finance Limited
Emin Eyi / Tercel Moore
+44 (0) 207 647 9646
FTI Consulting
Ben Brewerton / Georgia Mann
+44 (0)207 831 3113