Tri-Star Resources Plc Subscription raises GBP316,000

Data : 25/10/2019 @ 08:02
Fonte : UK Regulatory (RNS & others)
Titolo : Tri-star Resources Plc (TSTR)
Quotazione : 15.5  0.0 (0.00%) @ 09:00
Quotazione Tri-star Resources Grafico

Tri-Star Resources Plc Subscription raises GBP316,000

 
TIDMTSTR 
 
25 October 2019 
 
             Tri-Star Resources plc ("Tri-Star" or the "Company") 
 
                         Subscription raises GBP316,000 
 
Tri-Star Resources plc (AIM: TSTR), the minerals processing company, is pleased 
to announce that it has raised GBP316,000 (before expenses) by way of a 
subscription of 987,500 new ordinary shares of 5p each in the capital of the 
Company ("New Ordinary Shares") at a price of 32 pence each (the 
"Subscription").   The net proceeds will be used for general working capital 
requirements.  625,000 of the New Ordinary Shares have been subscribed by funds 
under the discretionary management of Odey Asset Management LLP ("the Odey 
Funds"). 
 
Following the Subscription, the Odey Funds will own 68,883,299 ordinary shares 
in the Company, representing approximately 72.38 per cent. of the Company's 
total enlarged issued share capital.  As a substantial shareholder, the 
Subscription by the Odey Funds is being treated as a related party transaction 
in accordance with AIM Rule 13. Accordingly, David Facey and Adrian Collins, 
acting as the independent directors, consider, having consulted with the 
Company's nominated adviser, SP Angel Corporate Finance LLP, that the terms of 
the Subscription are fair and reasonable insofar as the Company's shareholders 
are concerned. 
 
Details of the Subscription 
 
The Company has applied for admission of the 987,500 New Ordinary Shares to 
trading on AIM. Dealings are expected to become effective on or around 30 
October 2019 ("Admission"). The New Ordinary Shares represent approximately 
1.04% of the total enlarged issued share capital. 
 
Total Voting Rights 
 
Following Admission, the Company will have 95,173,618 Ordinary Shares in issue. 
The Company has no shares in treasury, therefore the figure of 95,173,618 
should be used by shareholders as the denominator for the calculations by which 
they will determine if they are required to notify their interest in, or a 
change of their interest in, the share capital of the Company under the FCA's 
Disclosure Guidance and Transparency Rules. 
 
 Certain information contained in this announcement would have been deemed 
inside information for the purposes of Article 7 of Regulation (EU) No. 596/ 
2014 until the release of this announcement. 
 
                                   **ENDS** 
 
For further information please visit www.tri-starresources.com or contact: 
 
Tri-Star Resources plc                         c/o SBP 
David Facey, CEO/ CFO                          Tel: +44 (0)20 7236 1177 
 
St Brides Partners (Financial PR) 
Isabel de Salis / Beth Melluish                Tel: +44 (0)20 7236 1177 
 
SP Angel Corporate Finance (Nominated Adviser) 
Robert Wooldridge / Jeff Keating               Tel: +44 (0)20 3470 0470 
 
finnCap Ltd (Broker) 
Scott Mathieson / Camille Gochez               Tel: +44 (0)20 7220 0500 
 
Notes to Editors: 
 
Tri-Star's principal interest is in an antimony and gold production facility 
(the "SPMP Project"). The SPMP Project is based in Sohar, Sultanate of Oman, 
and is being developed by Strategic & Precious Metals Processing LLC ("SPMP"), 
an Omani company in which Tri-Star has a 40% equity interest. 
 
 
 
END 
 

(END) Dow Jones Newswires

October 25, 2019 02:02 ET (06:02 GMT)

Grafico Azioni Tri-star Resources (LSE:TSTR)
Storico

1 Anno : Da Gen 2019 a Gen 2020

Clicca qui per i Grafici di Tri-star Resources

Grafico Azioni Tri-star Resources (LSE:TSTR)
Intraday

Oggi : Domenica 19 Gennaio 2020

Clicca qui per i Grafici di Tri-star Resources
La tua Cronologia
BIT
BMPS
Monte Pasc..
BITI
FTSEMIB
FTSE Mib
BIT
UCG
Unicredit
NASDAQ
AAPL
Apple
FX
EURUSD
Euro vs Do..
Le azioni che visualizzerai appariranno in questo riquadro, così potrai facilmente tornare alle quotazioni di tuo interesse.

Registrati ora per creare la tua watchlist personalizzata in tempo reale streaming.

Per accedere al tempo reale push di Borsa è necessario registrarsi.

Accedendo ai servizi offerti da ADVFN, ne si accettano le condizioni generali Termini & Condizioni

P: V:it D:20200119 11:27:45