26 June 2024
East Star Resources
Plc
("East Star" or the
"Company")
Exercise
of Warrants
East Star
Resources, the Kazakhstan
focused copper exploration and resource development company, is
pleased to announce that it has received warrant exercise notices
to subscribe for a total of 867,000 new ordinary shares of £0.01
each in the Company ("Ordinary Shares") (the "Warrant
Shares").
A total of 867,000 Warrant Shares
have been exercised at a price of £0.03 pence per Ordinary Share
resulting in total gross proceeds to the Company of
£26,010.
Admission
Application has been made for the
Warrant Shares to be admitted to the standard segment of the
Official List and to trading on the main market for listed
securities of the London Stock Exchange, and admission of the
Warrant Shares is expected to occur on 27 June 2024 ("Admission").
The Warrant Shares will rank pari passu with the existing
Ordinary Shares.
For the purpose of the Disclosure
and Transparency Rules, following Admission the enlarged issued
share capital of the Company will comprise 219,517,164 Ordinary
Shares. The Company does not hold any shares in treasury. The above
figure may 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 to their interest in, the
Company, under the Disclosure and Transparency Rules.
East Star Resources Plc
Alex Walker, Chief Executive
Officer
Tel: +44 (0)20 7390 0234 (via Vigo
Consulting)
SI
Capital (Corporate Broker)
Nick Emerson
Tel: +44 (0)1483 413 500
Peterhouse Capital Limited (Corporate
Broker)
Peter Greensmith
Tel: +44 (0) 20 7469 0930
Vigo Consulting (Investor Relations)
Ben Simons / Peter Jacob
Tel: +44 (0)20 7390 0234
About East Star Resources
East Star Resources is focused
on copper exploration and resource
development. With eight licences covering
>1,000 km² in three mineral rich districts of Kazakhstan,
East Star is undertaking an intensive exploration programme,
applying modern geophysics to discover minerals in levels that were
not previously explored.
East Star's most advanced project is
a copper deposit on the world-class Rudny Altai VMS Belt where the
Company has a maiden JORC Inferred Mineral
Resource Estimate of 20.3Mt @ 1.16% copper,
1.54% zinc and 0.27% lead using a whole deposit cutoff grade of
0.86% copper equivalent, within trucking
distance of third-party mills with excess capacity.
East Star's management are based
permanently on the ground, supported by local expertise, a joint
venture with the state mining company on certain projects, and
grant funding from BHP through the BHP Xplor programme for copper
porphyry exploration.
Visit our website:
www.eaststarplc.com
Follow us on social media:
LinkedIn: https://www.linkedin.com/company/east-star-resources/
X (formerly
Twitter): https://twitter.com/EastStar_PLC
Subscribe to our email alert service to be notified whenever
East Star releases news:
www.eaststarplc.com/newsalerts
The
person who arranged for the release of this announcement was Alex
Walker, CEO of the Company.
This announcement contains inside
information for the purposes of Article 7 of Regulation 2014/596/EU
which is part of domestic UK law pursuant to the Market Abuse
(Amendment) (EU Exit) Regulations (SI 2019/310) ("UK MAR"). Upon
the publication of this announcement, this inside information (as
defined in UK MAR) is now considered to be in the public
domain.