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ASP Transatlantic Mining Corporation

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Share Name Share Symbol Market Type
Transatlantic Mining Corporation TSXV:ASP TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Archean Submits Prospectus for Proposed Australian Listing

13/08/2013 1:30pm

Marketwired Canada


THIS NEWS RELEASE IS NOT FOR RELEASE IN THE UNITED STATES.

Archean Star Resources Inc. (TSX VENTURE:ASP) (the "Company") announces that, in
furtherance of its proposed listing on the Australian Stock Exchange ("ASX"), it
has filed with the Australian Securities and Investment Commission ("ASIC") a
Prospectus for the Offer of 15,000,000 Chess Depository Interests ("CDIs") at an
issue price of A$0.20 each to raise A$3,000,000 (Minimum Subscription).
Oversubscriptions of up to a further 10,000,000 CDIs at an issue price of A$0.20
each to raise up to a further A$2,000,000 may be accepted. Subject to regulatory
approval, the Company anticipates the Closing Date of this Offer to be 12
September 2013.


One common share will be issued for each CDI upon the CDI holder's election to
convert; however, CDIs whilst on issue, will be held in trust by CHESS
Depositary Nominees Pty Ltd (CDN)). CDIs are frequently used for trading foreign
company shares on the ASX. CDIs are traded in a manner similar to shares.
Subject to regulatory approval and completion of the offering of CDIs, the CDIs
will be listed for trading on the ASX and the common shares will continue to be
listed on the TSX-V. 


The TSX-V has granted conditional acceptance to the issuance of the common
shares which underlie the CDIs. There is no certainty that the offer will be
completed as currently contemplated. 


By law, the Prospectus is subject to an exposure period of 7 days, which may be
extended to 14 days by the regulatory body. The exposure period is intended to
enable the Prospectus to be examined by market regulators prior to the raising
of funds. No applications will be accepted by the Company during the exposure
period.


The Company advises that the distribution of the Prospectus in jurisdictions
outside Australia is not intended and may be restricted by law. Persons who are
residents in countries other than Australia who come into possession of the
Prospectus should seek professional advice on and observe any of these
restrictions. Failure to comply with these restrictions may violate applicable
securities laws. 


Applications for CDIs can only be made by completing the Application Form in
full in accordance with instructions contained on the reverse of the form. 


The Prospectus does not constitute an offer to sell, or a solicitation of an
offer to buy securities in the United States or to any US person. Any securities
described in the Prospectus have not been and will not be, registered under the
US Securities Act 1993 and applicable US state securities law and may not be
offered or sold in the United States or to US person, except pursuant to an
exemption form, or in transactions not subject to registration under the US
Securities Act 1993 and applicable US state securities law. 


Archean Star Resources Inc., is a junior exploration company listed on the TSX
Venture Exchange that has, through its wholly owned subsidiary, Archean Star
Resources Australia Pty Ltd, earned 100% of Teck Australia Pty Ltd.'s ("Teck")
approximately 88% interest, subject to a 75% back in right in such interest to
Teck, in Chalice Gold Mines Limited's Gnaweeda Gold Project in Western
Australia. The Company is also earning an 80% interest in AMCOR's Monitor
Copper, Gold and Silver project in the Coeur D'Alene Mining District in Idaho. 


This News Release has been prepared on behalf of the Archean Star Resources Inc.
Board of Directors, which accepts full responsibility for its contents. ON
BEHALF OF THE BOARD 


Graeme O'Neill, President

Neither the TSX Venture Exchange, nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange), has reviewed, nor
do they accept responsibility for, the adequacy or accuracy of this news
release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Archean Star Resources Inc.
Graeme O'Neill
President
(604) 684-3394
(888) 282-7763 (FAX)
www.archeanstar.com

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