Stratmin Global Resources PLC Conversion of Loan Notes (0499I)

TIDMSTGR

RNS Number : 0499I

Stratmin Global Resources PLC

27 June 2013

StratMin Global Resources Plc

("StratMin" or the "Company")

Conversion of Loan Notes

StratMin (AIM: STGR), the graphite production and exploration company with assets in Madagascar, announces that the Company has given Notice of Conversion to the holders of GBP1,503,000 convertible loan notes 2018 (the "Loan Notes"). The Notice of Conversion was sent to the holders on 26(th) June 2013 (the "Conversion Date").

The Loan Notes will convert into 5,010,970 new ordinary shares of 4 pence each in the Company ("New Ordinary Shares") at a conversion price of 50 pence per share. This includes the face value of the Loan Notes, the accrued interest on the Loan Notes up to the Conversion Date and the accrued interest on the Loan Notes up to June 2018 and July 2018. Application will be made for the New Ordinary Shares to be admitted to trading on AIM and it is expected that trading will commence on or around 8(th) July 2013.

On admission of the New Ordinary Shares, the Company will have 65,534,587 ordinary shares of 4 pence each in issue.

For further information please visit www.stratminglobal.com or contact:

 
                                                 +44 (0) 20 7467 
 StratMin Global Resources Plc                    1700 
 Gobind Sahney (Chairman) 
 
 Peel Hunt LLP (Nomad & Broker)                  +44 (0) 20 7418 
  Matthew Armitt / Harry Florry                   8900 
 
 Tavistock Communications (Financial PR & IR) 
                                                 +44 (0) 20 7920 
 Simon Hudson / Conrad Harrington                 3150

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This information is provided by RNS

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