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Notice of general meeting

Released 07:00 06-Jun-2014

RNS Number : 9957I
Strategic Natural Resources PLC
06 June 2014

6 June 2014


Strategic Natural Resources plc

("Strategic Natural Resources" or the "Company")


Notice of general meeting, LCB settlement update and subscription update


Notice of general meeting


The Board of Strategic Natural Resources will shortly post to shareholders a circular convening a general meeting of the Company, to be held at 10.00am on 30 June 2014 at the offices of Memery Crystal LLP, 44 Southampton Buildings, London, WC2A 1AP (the "General Meeting").  At the General Meeting the Board will seek approval to increase the Company's authority to issue and allot shares.  A copy of the General Meeting circular will also available from the Company's website,, once it has been posted to shareholders


Update on settlement with LCB


Further to the announcement by the Company on 13 May 2014 the Board has agreed to amend the settlement terms with London Commodity Brokers ("LCB") such that the sum of £60,000 of the second settlement was paid on 3 June 2014 and the remaining balance of £90,000 will be paid on 12 June 2014. Further, the Company has agreed, for commercial reasons, to issue LCB 3,500,000 new ordinary shares in SNR, rather than the 1,666,667 originally agreed.  These shares will be issued to LCB as soon as practicable after 6 June 2014.  LCB has agreed to the withdrawal of the winding up petition at a hearing scheduled for 16 June 2014.


Subscription update


The Company and Target Alliance have agreed to defer the admission of the 10,000,000 Further Subscription Shares to trading on AIM until 11 June 2014 (previously 9 June 2014).


For further information, please contact:


Strategic Natural Resources plc

Alexander MacDonald, Chief Executive Officer

Gabriel Ruhan, Non-Executive Director

+44 (0)20 3328 5656


Allenby Capital Limited

Nominated Adviser

Nick Naylor

James Reeve


+44 (0)20 3328 5656


NB: Definitions in this announcement shall have the same meaning as defined in the Company's announcement on 13 May 2014, unless otherwise defined herein.

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Notice of general meeting - RNS