Holding(s) in Company

RNS Number : 6821U

Strategic Minerals PLC

28 December 2011

 



28 December 2011

Strategic Minerals plc

("Strategic Minerals", "SML" or the "Company")

Holdings in Company

Strategic Minerals (AIM: SML) has been informed that Leo Knifton has today sold 4,227,272 ordinary shares in SML.  Following this sale Mr Knifton has a remaining interest in 19,142,716 ordinary shares in the Company, equivalent to 4.88% of the total issued share capital of SML.

Mr Knifton also has outstanding warrants to subscribe to a further 23,369,988 new ordinary shares in SML at a price of 1.86p per new ordinary share, further details of which were provided in the Company's admission document.

For further information

Company
Strategic Minerals plc
David Weidemier	[phone]
Nominated Adviser/Broker
Allenby Capital Limited	[phone]
Brian Stockbridge/James Reeve
Joint-Broker
Daniel Stewart & Company Plc	[phone]
Sean Lunn/Oliver Rigby Financial Public Relations
GTH Communications Limited	[phone]
Toby Hall/Suzanne Johnson Walsh

About Strategic Minerals plc

Strategic Minerals plc is a UK registered iron ore producer focused on building a balanced portfolio of projects that generate near-term revenue. It currently has assets in Australia and the USA, most notably The Cobre Stockpile in New Mexico and the Iron Glen tenement in Queensland.

The Cobre Stockpile has been assessed to JORC standards and is estimated to contain over 1.5 million metric tonnes of magnetite at an average grade of 61.7% Fe of which an estimated 800,000 million metric tonnes is at 64% Fe.

Strategic Minerals' main exploration activity is currently taking place at the Iron Glen Tenement located approximately 40 kilometres southwest of Townsville, Queensland. The Company has in principle agreements for the purchase of tenements in the Western Australia and the Northern Territory of Australia.

For more information about Strategic Minerals, please go to http://strategicminerals.co.uk. You can also follow the Company on Facebook and LinkedIn.

 

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