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Strategic Minerals raises £890,000 to help close Redmoor purchase

Strategic Minerals PLC's (LON:SML) John Peters speaks to Proactive London's Andrew Scott after announcing they'd raised £890,000 of new capital via a share placing.

The proceeds will be used primarily to close the purchase of shares in Cornwall Resources and to provide working capital for the Leigh Creek copper mine project.

Peters adds that he believes the US$4.06mln owed to the company by the major Cobre client is imminent and could be received at any time.

Quick facts: Strategic Minerals PLC

Price: 0.625 GBX

AIM:SML
Market: AIM
Market Cap: £9.17 m
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