ALL STAR MINERALS

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Creator CURRYPASTY Created 12 Apr 2006 Posts 1191 Last Post 4 years ago
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ALL STAR MINERALS PLC APPLICATION TO OFEX: 15/03/2006

The Directors of All Star Minerals Plc ("the Company") are pleased to announce
that the Company has applied for its ordinary shares to be admitted to trading
on the Ofex Market.

APPLICATION DETAILS

SECTOR CLASSIFICATION:Speciality and Other Finance

CORPORATE ADVISER: St Helen's Capital Plc

PRINCIPAL ACTIVITIES: An Investment Vehicle which will invest in both
exploration and production projects focused on thorium.

EXPECTED DATE OF TRADING ON OFEX: 10/04/2006

All Star Minerals Plc has been formed to acquire exploration and production
projects in the mineral resources sector with particular focus on thorium and
associated elements. Thorium was first discovered in 1828 and has been
considered as a fuel source in nuclear reactors since nuclear energy emerged in
the 1950's. Thorium (represented on the periodic table by the symbol Th) makes
up around 0.0007% of the earth's crust making it approximately three times more
abundant than Uranium, its more radioactive counterpart.

The Directors have identified properties in Russia and Australia which they
believe to be prospective for mineable thorium deposits. Following Admission,
the Directors intend to pursue these and other opportunities with a view to
acquiring exploration and extraction acreage. In addition, should
opportunities present themselves, the Directors will give serious consideration
to the acquisition of producing thorium deposits in politically stable
territories. In the event that the Company has the opportunity to acquire a
producing thorium deposit, it is likely that further financing will be
required.

The Company is seeking to raise initial funding of up to GBP450,000 before
expenses via an Offer for Subscription of 22,500,000 new Ordinary shares at a
price of 2p per share. The proceeds of the Offer, which are expected to be
approximately GBP393,610 after expenses, will be used, in part, as working
capital and also for the operating costs of the Company in order to identify
and carry out due diligence on potential acquisitions and investments.

The Directors of the Company are:

ROBERT YOUNG, CHAIRMAN AND EXECUTIVE DIRECTOR HAS over 30 years of varied
experience in the mining industry in Europe and South East Asia. Dr Young was
the founding Managing Director of Cambridge Mineral Resources PLC, where he was
a director between 1992 and 1997, and was a director of Angus & Ross plc from
1999 to 2002. Both of these companies were floated on Ofex and then moved to
AIM. He is currently Executive Chairman of AIM listed Beowulf Mining Plc.

CONRAD WINDHAM - CHIEF OPERATIONS OFFICER
Mr Windham has worked as a financial journalist with a number of junior mining
and exploration companies, assisting in their development and also analysing
their properties and strategies. In February 2006, he was appointed as a
consultant to Ofex-listed Penton International Limited, where he is working to
help establish the company as a diversified natural resource investment house.

SHAHRUKH KHAN - NON-EXECUTIVE DIRECTOR
Mr Khan has over 9 years experience in project finance, with a particular focus
on the natural resources and infrastructure related sector. He is a director
of Al Nasr Europe Limited, a London-based trading and finance company (a sister
company of Al Nasr Trading and Industrial Corporation of Saudi Arabia) which is
involved in the metals and minerals industries and the energy sector.

http://www.allstarminerals.com/

http://www.world-nuclear.org/info/inf62.htm




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