Sirius Minerals Plc (SRUXY: OTC Link) | Director Dealings

Director Dealings

Aug 31, 2011

OTC Disclosure News Service

London, United Kingdom –

For immediate release: 31 AUGUST 2011

 

Sirius Minerals Plc

(“Sirius” or the “Company”)

 

Director Dealings

 

The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY), the globally diversified potash mining company, were notified on 30 August 2011 that Desmo Super Pty Limited as trustee of Desmo Superannuation Fund, of which Mr CN Fraser is a beneficiary, has purchased on 30 August and the previous trading day 500,000 of the Company’s 0.25p ordinary shares (“Ordinary Shares”) at an average price of 9.44p each.  Following this transaction, Mr Fraser has an indirect beneficial interest in 114,000,750 shares representing 11.0% of the Company’s issued share capital.

 

As at the date of this announcement, the Company’s issued share capital consists of 1,032,577,755 Ordinary Shares. The Company does not hold any Ordinary Shares in Treasury.

 

Therefore the total number of Ordinary Shares in the Company with voting rights is 1,032,577,755.

 

For further information, please contact:

 

 

About Sirius Minerals Plc

Sirius Minerals is a globally diversified potash development company. Its primary focus is to bring on stream major potash mining facilities through the acquisition and development of projects overlying recognised potash deposits.  Today it holds properties in the United Kingdom (North Yorkshire), the United States (North Dakota), and Australia (Queensland and Western Australia).

 

The Company is additionally progressing ongoing Innovation initiatives into the secondary uses of salt and potash beds for energy storage and carbon dioxide sequestration.

 

Incorporated in 2003, Sirius Minerals’ shares are traded on the London Stock Exchange’s AIM market.  Its shares are also traded in the United States on the OTCQX through the use of a sponsored ADR facility.  Further information on the Company can be found at www.siriusminerals.com.

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/SRUXY/news?id=34969

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