Strategic Minerals Plc (SML.L) Announced that further to the announcement made on 18 March 2019, the company has been informed by New Age Exploration Limited (NAE) that it will not be required to refer its decision to sell its entire 50% shareholding in Cornwall Resources Limited (CRL), the joint venture vehicle developing the Redmoor Tin/Tungsten project in Cornwall (Redmoor), to shareholders at a general meeting. Considering this information, NAE and SML have agreed on a settlement date for the transaction of 30 May 2019. The settlement is subject to NAE confirming the form of both the promissory note and royalty stream, although this is considered largely an administrative process and not likely to delay settlement
Login or register to post comments