Tri-Star Resources Plc Result of Placing

 
TIDMTSTR 
 
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 
 
                                                                   25 June 2018 
 
             Tri-Star Resources plc ("Tri-Star" or the "Company") 
 
                               Result of Placing 
 
Tri-Star is pleased to announce that further to the announcement released at 7: 
00a.m. on 22 June 2018, the Company has successfully raised GBP13.0m (before 
expenses) by way of a placing (the "Placing") of 30,232,558 new ordinary shares 
in the Company of 5 pence each ("Placing Shares") at a price of 43 pence each 
(the "Placing Price"), conditional on approval from shareholders. 
 
Details of the Placing 
 
26,199,303 Placing Shares have been allocated to funds under the discretionary 
management of Odey Asset Management LLP ("the Odey Funds") for GBP11.27 million 
and 4,033,255 Placing Shares for GBP1.73 million have been allocated to other 
existing shareholders and new investors. 
 
The issue of the Placing Shares is subject to the approval of shareholders of 
resolutions to authorise the allotment of equity securities at the General 
Meeting which, as previously announced, is scheduled to take place at 10:00a.m. 
on 10 July 2018. 
 
Application will be made for 30,232,558 Placing Shares, which will rank pari 
passu with the existing ordinary shares of 5p each in the Company ("Ordinary 
Shares"), to be admitted to trading on the AIM Market of the London Stock 
Exchange ("Admission"). It is expected that Admission will occur at 8:00a.m. on 
or around 12 July 2018. 
 
Following Admission, the Odey Funds will hold 67,805,797 ordinary shares in the 
Company, representing approximately 72.06% per cent. of the Company's total 
enlarged issued share capital. 
 
                                     ENDS 
 
Enquiries: 
 
Tri-Star Resources plc                          Tel: +44 (0)20 7653 6291 
 
Karen O'Mahony, Acting Chief Executive Officer  Email: ceo@tri-starresources.com 
 
SP Angel Corporate Finance (Nomad and broker)   Tel: +44 (0) 20 3470 0470 
 
Robert Wooldridge / Jeff Keating 
 
 
 
END

(END) Dow Jones Newswires

June 25, 2018 12:42 ET (16:42 GMT)

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