Strategic Minerals PLC Exercise of Share Options by Managing Director (0912P)
August 29 2017 - 1:01AM
UK Regulatory
TIDMSML
RNS Number : 0912P
Strategic Minerals PLC
29 August 2017
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
29 August 2017
Strategic Minerals plc
("Strategic Minerals" or the "Company" or "SML")
Exercise of Share Options by Managing Director
Strategic Minerals PLC (AIM: SML; USOTC: SMCDY), the minerals
production and development company, is pleased to announce that it
has received a Notice to Exercise in relation to a portion of the
currently vested options available to the Company's Managing
Director,Mr John Peters.
Mr Peters has provided a notice that he wishes to exercise
options over 10,000,000 shares in the tranche expiring 30 June
2018. Along with the notice, Mr Peters has provided GBP100,000
representing the exercise price of GBP0-01 per share.
It is anticipated that the new shares associated with this
exercise will be issued within the next two weeks and SML will
update the market when this occurs.
The Company's Managing Director, John Peters, said:
"The commitment of my personal funds to the exercise of these
options reflects my confidence in the future outlook for SML and
the Company's strategy.
"Consequently, I am fully committed, for the foreseeable future,
to holding both these 10,000,000 new shares as well as the existing
10,000,000 shares I currently own."
+61 (0) 414
Strategic Minerals plc 727 965
John Peters
Managing Director
www.strategicminerals.net
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Notes to Editors
Strategic Minerals Plc is an AIM-quoted, diversified mineral
development and production company with projects in the United
States of America, the UK and Australia. The Company is focused on
acquiring and developing cash generative, high quality projects
which meet local market demand for commodities and utilising this
cash flow to undertake value added exploration.
In September 2011, Strategic Minerals purchased its first cash
generating asset; the Cobre magnetite tailings dam project in New
Mexico, USA which it brought into production in 2012 and which
continues to provide a revenue stream for the Company. The
portfolio was expanded in January 2016 with the acquisition of
shares in Central Australian Rare Earths Pty Ltd, which holds
tenements in Western Australia and the Northern Territory that are
prospective for cobalt, gold, nickel laterites, nickel sulphides
and rare earths. The Company has since acquired all shares in
Central Australian Rare Earths Pty Ltd. In May 2016, an additional
exploration asset was acquired when the company entered into an
agreement with New Age Exploration Limited to acquire up to 50% of
the Redmoor Tin/Tungsten project in Cornwall, UK. This 50%
acquisition has now been completed and drilling at the project has
commenced.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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