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
David Facey, CEO / CFO |
c/o SBP
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)
Jeff Keating / Caroline Rowe |
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.