Trading of American Depository Receipts (ADR'S)

RNS Number : 8772X

Strategic Minerals PLC

22 February 2012

 



For immediate release: 22 February 2012

Strategic Minerals Plc

("Strategic Minerals" or the "Company")

Trading of American Depository Receipts ("ADRs")

Strategic Minerals Plc (AIM: SML), the magnetite focused iron ore producer and exploration company, is pleased to announce that with effect from 21^st February 2012, ADRs in the Company's ordinary shares will be traded on the Over-The- Counter ( "OTC") market in the US.

Each ADR represents 100 ordinary shares in Strategic Minerals.  No more than 25 per cent. of the Company's issued ordinary share capital can be represented by ADRs at any given time. The ticker symbol of the ADRs is SMCDY and the CUSIP is 86277J103.

ADRs allow US investors to buy shares in foreign companies without the need for cross-border or cross-currency transactions. They are priced and pay any dividends in dollars and can be traded like the shares of US-based companies. 

Strategic Minerals retains its primary listing on AIM.

Strategic Minerals is currently developing a portfolio of near term production and exploration projects in North America and Australia.  Freighting of magnetite from its Cobre Project in New Mexico has already commenced.

Chairman of Strategic Minerals, Steven Saunders, commented:

"In line with our strategy to develop a portfolio of projects in North America - in addition to those in Australia - it is only logical for us to have a facility whereby our shares can be traded locally in North America."

For further information:

Company
Strategic Minerals plc	[phone]
Alex Borrelli	[phone]
Nominated Adviser/Joint Broker
Allenby Capital Limited
Jeremy Porter / James Reeve	[phone]
Joint Broker
Daniel Stewart & Company Plc
Sean Lunn / David Hart	[phone]
Financial Public Relations
GTH Communications Limited
Toby Hall / Suzanne Johnson Walsh	[phone]

About Strategic Minerals

Strategic Minerals plc (AIM: SML) is developing a portfolio of projects that provide near term production along with those that potentially offer longer term capital gains. Strategic Minerals currently holds iron ore stockpile assets in North America and exploration properties in Australia.

www.strategicminerals.net.

 

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