SNRP Strategic Nat.

TIDMSNRP

RNS Number : 3995D

Strategic Natural Resources PLC

28 March 2014

Strategic Natural Resources Plc

("SNR" or the "Company")

Funding update

Following yesterday's announcements and further to the announcement made by the Company on 5(th) March 2014, the board of SNR is pleased to confirm that talks with a potential strategic investor group are ongoing.

Whilst there can be no guarantee that these discussions will result in additional funding for the Company, the directors of SNR are hopeful that they will be able to announce a successful conclusion to these discussions in the near term.

In the event that the Company is unable to successfully conclude the funding discussions referred to above then the board of SNR will have to take steps to protect the interests of the Company's creditors.

Further announcements will be made in due course.

For further information, please contact:

 
 Strategic Natural Resources plc 
 Andy Brennan, Chairman 
  Gabriel Ruhan, CEO                                       +44 (0)20 3328 5656 
                                                          --------------------- 
 
 Allenby Capital Limited - Nominated Adviser and Broker 
                                                          --------------------- 
 Nick Naylor/Mark Connelly                                 +44 (0) 20 3328 5656 
                                                          --------------------- 
 
 

For further information about Strategic Natural Resources plc please visit www.snrplc.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

END

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