Stratmin Global Resources PLC Second Sales Contract and Warrant Re-Pricing (7970N)

TIDMSTGR

RNS Number : 7970N

Stratmin Global Resources PLC

31 July 2014

StratMin Global Resources Plc

("StratMin" or the "Company")

Second Sales Contract and Warrant Re-Pricing

StratMin (AIM: STGR), the graphite production and exploration company with assets in Madagascar, announces a second sales contract, with a new graphite customer.

This established European graphite trading house has made an initial order from StratMin for the following product:

   1.    20 tonnes of +50 mesh 
   2.    20 tonnes of between 80 and 50 mesh

Delivery of the above order is expected to be within August.

In accordance with the terms of the convertible loan notes issued to Darwin Strategic Limited on 5 December 2013 (the "Fundraise"), and which were subsequently repaid on 7 April 2014, the exercise price of the 4,024,402 warrants issued as part of the Fundraise has been reset, in accordance with the terms of the instrument, to 10.22 pence.

Manoli Yannaghas, Managing Director, said;

"I am delighted that StratMin has secured this additional sales contract, evidence that we are extending our reach to the European and US graphite markets.

"I look forward to updating the market with further orders in due course."

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

 
 StratMin Global Resources Plc                       +44 (0) 20 3691 
  Manoli Yannaghas (Managing Director)                6160 
 Strand Hanson (Nomad & Financial Adviser)           +44 (0) 20 7409 
  James Spinney / Ritchie Balmer                      3494 
 Hume Capital Securities Plc (Sole Broker)           +44 (0) 20 3693 
  Jon Belliss / Abigail Wayne                         1470 
 Blytheweigh (Financial PR)                          +44 (0) 20 7138 
  Tim Blythe / Halimah Hussain / Camilla Horsfall     3204

-ends-

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