Strategic Natural Resources PLC - AIM Delisting and Director Resignation
(ENP Newswire Via Acquire Media NewsEdge) ENP Newswire - 29 July 2014
Release date- 25072014 - The board of SNR, the AIM quoted natural resources developer operating in South Africa, which indirectly owns 74% of Elitheni Coal Limited, has been unable to appoint an AIM Nominated Adviser within the timeframe set by the AIM Rules.
The Company's shares will therefore be delisted with effect from 24th July 2014 and will no longer trade on the AIM exchange.
The SNR Board will keep shareholders updated with future developments using the RNS Reach (non-regulatory news service) and its website www.snrplc.com.
The Board will examine the options available to it and will seek to list the company's shares on an alternative recognized exchange as soon as practically possible. It will also continue to seek further funding to become available as soon as a relisting occurs.
The Company also announces that Mr. Michael Drozd has resigned as Chief Operating Officer and Director of the Company with immediate effect.
Tel: +44 (0) 7418 488 373
For further information about Strategic Natural Resources PLC please visit www.snrplc.com
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