Strategic Minerals PLC's (LON:SML) John Peters speaks to Proactive London's Andrew Scott following the news they've raised £1.1mln through a placing and subscription to help pay the remaining balance for the acquisition of New Age Exploration’s interest in Cornwall Resources, holder of the Redmoor Tin/Tungsten project.
SML's also allowed existing shareholders to subscribe for up to 22.2mln new shares at the same price through a broker option.