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Strategic Minerals secures key institutional investor through £1.5mln raise

John Peters and Peter Wale from Strategic Minerals Plc (LON:SML) return to the Proactive Investors studio to discuss their £1.5mln raise.

The placing was significantly oversubscribed, and was increased from an initial target of £500,000.

The money was raised at more than five times the price of the company's last fundraising on 2 November 2016.

Peters says: ''A new institutional investor participated in the placing in addition to the company's largest existing shareholder, the Manners family''.

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