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A 75% pay cut by directors and £344,500 fundraising priced 54% above the previous trading day’s stock valuation gives cash shell Stratmin Global Resources (STGR:AIM) a lifeline while it seeks an acquisition.
It must do a deal by March 2017 or it will be delisted under AIM rules.
Stratmin recently sold a graphite mine and retains a joint venture interest in a similar asset.
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