Tuesday 27 March 2012

Daniel Stewart DAN.LN Hit THE Big Time With Major Chinese Investment Partners Jade Global


27 March 2012

DANIEL STEWART SECURITIES PLC
('Daniel Stewart' or 'the Company')

ISSUE OF EQUITY
 The DS deal with Jade will help open up a pipeline feed of China-Asia IPO's for DS
This could be a real flower tile Mahjong moment


Daniel Stewart (AIM: DAN.L), stockbroker and corporate finance adviser to smaller and medium-sized companies, is today pleased to announce that Jade Global Investments Limited ("Jade"), a financial services company based in China, has subscribed for 10,000,000 new ordinary shares of 0.25 pence each in the Company ("Ordinary Shares") at a price of 2.5 pence per Ordinary Share.  The proceeds of the Placing will be utilised for general working capital. Following this issue, Jade will hold 29,400,000 Ordinary Shares amounting to 5.65% of the enlarged issued share capital of the Company.

Application will be made for the new Ordinary Shares to be admitted to trading on AIM ("Admission") and dealings are expected to commence on 30 March 2012. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares.

.Peter Shea, Chief Executive Officer said:

"This is an important investment for the Company in that it demonstrates the success to date of our strategy to grow our business in Asia.  Our permanent presence has led to significant interest from the small and mid-cap community in the region.  We have a pipeline of high quality companies for whom we are working to find capital on a global basis to exploit the opportunity for growth that Asia now presents."

Strategic Minerals SML.LN Closer to First Major Shipment From Cobre

Strategic Minerals SML.LN, one of London AIM's few iron ore miners currently in production, edge closer to the start of large scale rail shipments from their COBRE magnetite stockpile in New Mexico.
SML who recently secured a major off-take deal with Glencore, are set to make their first rail shipment in April, where initial output will be approximately 40,000 tonnes per month ramping up to 60,000 tonnes per month. These significant shipment volumes will generate strong cash flows for SML over the life of COBRE (up to 8.75 years) based on 6,570,000 stockpile resource processed at a rate of 750,000 tonnes per year.


The company will use the cash proceeds to rapidly advance its flagship east Australia Iron Glen magnetite project. With surrounding rail head serving the Iron Glen site and providing a convenient link to the bulk commodity deep sea shipment Port of Townsville, Iron Glen is ideally positioned to supply both export ready magnetite to world markets, but also to serve the heavy local demand for magnetite DMS from the cluster of coal companies operating in the nearby Bowen Basin.


www.strategicminerals.net