Tri-Star Resources PLC / AIM: TSTR /
Sector: Natural Resource
26 February 2020
Tri-Star Resources
plc ("Tri-Star" or the "Company")
Directorship Changes at SPMP & Funding Update
Tri-Star Resources plc (AIM: TSTR), the minerals processing
company, announces directorship changes at its 40% owned
investee company, Strategic & Precious Metals Processing LLC
(“SPMP”), which owns an antimony and gold production facility in
the Sultanate of Oman.
SPMP’s CEO, Steven Din, has
stepped down from his position to pursue other business interests
and its current Chief Operating Officer, Joel Montgomery, has been appointed as acting
CEO. The board of Tri-Star wishes Steven well in his future
endeavours.
Additionally, further to the RNS dated 9
January 2020, negotiations between SPMP’s shareholders
regarding its funding arrangements continue, although the nature
and timing of any final agreement remains uncertain.
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.