Tri-Star Resources Plc Issue of Equity

 
TIDMTSTR 
 
6 May 2020 
 
             Tri-Star Resources plc ("Tri-Star" or the "Company") 
 
                                Issue of Equity 
 
Tri-Star Resources plc (AIM: TSTR), the minerals processing company, announces 
that, in accordance with existing contractual terms, it has today allotted 
84,406 new ordinary shares of 5p each in the capital of the Company 
("Ordinary Shares") at an average price of 18.29p and 18,840 new Ordinary 
Shares at an average price of 13.27p in consideration for services provided and 
that were invoiced between August 2019 and April 2020. 
 
The Company has applied for admission of the 103,246 new Ordinary Shares (the 
"New Ordinary Shares") to trading on AIM. Dealings are expected to become 
effective on or around 13 May 2020 ("Admission"). The New Ordinary Shares 
represent approximately 0.108% of the total Ordinary Shares that are expected 
to be in issue. 
 
Following Admission, the Company will have 95,276,864 Ordinary Shares in issue. 
The Company has no shares in treasury, therefore the figure of 95,276,864 
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: [phone] 
 
St Brides Partners (Financial PR) 
Isabel de Salis / Beth Melluish              Tel: [phone] 
 
SP Angel Corporate Finance (Nominated 
Adviser)                                     Tel: [phone] 
Jeff Keating / Caroline Rowe 
 
finnCap Ltd (Broker) 
Scott Mathieson / Camille Gochez             Tel: [phone] 
 
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

May 06, 2020 09:15 ET (13:15 GMT)