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Description of business:
On 9 November 2012, Stratmin Global Resources Plc ("Stratmin" or the "Company") announced that it had agreed, subject to shareholder approval, to acquire the entire issued and to be issued share capital of Graphmada Equity Pte Limited ("Graphmada") that it does not already own. The consideration for the Acquisition will be 25.5 million, to be satisfied by the issue, credited as fully paid, of 510,000,000 Existing Stratmin Shares to the Graphmada Shareholders at 5 pence per Existing Stratmin Share. The Loharano Graphite Project is held by Graphmada Madagascar (99.8% owned by Graphmada), a company established in MADAGASCAR for the purpose of the mining and beneficiation of natural crystalline flake graphite, in an area located in eastern Madagascar some 15 km west of the coast and 20 km south west of the town Brickaville. Graphmada has engaged One Vision to manage the construction and operation of the processing plant at the Loharano Graphite Project. One Vision is a South African based company with diversified interests in mining and mineral processing. The strategy of the enlarged group is to focus on the graphite mining sector through the development of Graphmada's existing Loharano Graphite Project, in order to generate significant revenues for the Company. The Company will continue to review and consider other opportunities in strategic minerals that are supplementary and complementary to the business. In addition, the Company intends to carry out further exploration of Graphmada's Loharano and Antsirabe Licences in Madagascar and to review other opportunities which may arise in the graphite sector in Madagascar and other regions. This transaction is a result of a REVERSE TAKE-OVER UNDER RULE 14.

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Stratmin Global Resources plc

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