Strategic Minerals PLC (LON:SML)(USOTC:SMCDY) has issued the remaining 2.87mln shares owing to Resilience Mining Australia LTD, following the acquisition of the Leigh Creek copper project.
Under the Share Purchase Agreement, signed on 5 March 2018, Strategic Minerals agreed to pay over shares in A$1.45mln in shares, with A$100,000 worth of shares deferred to the first anniversary of the signing of the contract.
WATCH: Leigh Creek on cusp of constant cash flow for Strategic Minerals
Following Admission, there will be just over 1.4bn shares in issue.