Stratmin Global Resources PLC Issue of Equity (8237N)

TIDMSTGR

RNS Number : 8237N

Stratmin Global Resources PLC

03 October 2012

StratMin Global Resources plc

(AIM: STGR)

Issue of Equity

Further to the announcement on 25 September, StratMin Global Resources Plc ("StratMin" or the "Company"), the AIM quoted natural resource investment company, has been approached by Optiva Securities Limited on behalf of a number of their clients seeking to participate in a further placing.

The Company has considered these requests and is pleased to announce the completion of a further placing which has raised GBP400,000 by way of an issue of 8,000,000 new ordinary shares of 0.4 pence each at a placing price of 5 pence per share.

Application will be made for the new ordinary shares to be admitted to AIM. Admission is expected to occur on 9 October 2012. On admission, the new ordinary shares will rank pari passu with the existing ordinary shares in the Company, and the Company will have 90,299,977 Ordinary Shares in issue.

Gobind Sahney, Chairman of Stratmin commented, "While StratMin is adequately funded for all current investment commitments, we continue to see considerable demand from investors to participate in the future growth strategy of the Company. We welcome this endorsement of the Company's strategy of focusing on taking meaningful ownership positions of operating companies and assets that have potential for significant growth."

StratMin is an investing company focussed on seeking out investment opportunities in the natural resource and extractive industries sector. The Group's objective is to take meaningful ownership positions of operating companies and assets that have potential for significant growth, whose value can be enhanced with our capital and expertise.

Enquiries:

 
 StratMin Global Resources Plc 
 Gobind Sahney                          +44 (0) 207 467 1700 
 
 Libertas Capital Corporate Finance 
  Limited 
 Sandy Jamieson                         +44 (0) 207 569 9650 
 
 Peterhouse Corporate Finance 
 Jon Levinson                          + 44 (0) 20 7562 3357 
 
 Optiva Securities Limited 
 Jeremy King                            +44 (0) 20 3137 1904

This information is provided by RNS

The company news service from the London Stock Exchange

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