Tri-Star Resources Plc Temporary Suspension

 
TIDMTSTR 
 
Tri-Star Resources PLC / AIM: TSTR / Sector: Natural Resource 
 
30 September 2020 
 
             Tri-Star Resources plc ("Tri-Star" or the "Company") 
 
 Temporary suspension of trading on AIM pending publication of annual accounts 
 
Tri-Star Resources plc (AIM: TSTR), the minerals processing company, announces 
that the Company will be unable to publish its audited annual report and 
accounts for the year ended 31 December 2019 (the "Final Results") by 30 
September 2020, as required by Rule 19 of the AIM Rules for Companies ("AIM 
Rules") and the three month extension granted due to events associated with the 
Covid-19 pandemic. 
 
The delay in publication of the Final Results is due to the ongoing discussions 
between SPMP and its shareholders to reach a settlement agreement to provide 
greater certainty of funding for SPMP, redress the imbalance of the amounts 
invested by the three shareholders to date and to provide certainty over 
Tri-Star's shareholding going forward with no further need for Tri-Star to 
finance SPMP ("Settlement Agreement"). Whilst there can be no certainty over 
the terms of the Settlement Agreement at this stage, these negotiations are at 
an advanced stage and upon completion of such an agreement,  and, whilst the 
audit is ongoing, the Company expects to be able to sign off its audited 
accounts on an unqualified basis. 
 
Due to the delay in publishing of the Company's Final Results, dealings in the 
Company's ordinary shares will be temporarily suspended from trading on AIM 
under AIM Rule 40, with effect from 7.30 a.m. on 1 October 2020 until such time 
as the Final Results have been duly published in compliance with AIM Rule 19. 
 
Notwithstanding the temporary suspension of trading in the Ordinary Shares, the 
Company will continue to make announcements as and when there are any 
developments that require announcement under the AIM 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) Jeff Keating/ Caroline Rowe               Tel: [phone] 
 
finnCap Ltd (Broker) 
Christopher Raggett / 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

September 30, 2020 02:36 ET (06:36 GMT)