EAST STAR RESOURCES PLC

Prospectus • Apr 27, 2021

National Storage Mechanism | Additional information

RNS Number : 7594W

East Star Resources PLC

27 April 2021

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

This announcement is an advertisement and not a prospectus.  Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction.  Investors should not purchase any transferable securities referred to in this announcement except on the basis of information contained in the prospectus (the "Prospectus") in its final form that is published by East Star Resources plc in connection with the admission of the ordinary share capital of the Company (the "Ordinary Shares") to listing on the standard segment of the Official List of the Financial Conduct Authority (the "FCA") and to trading on the main market for listed securities (the "Main Market") of London Stock Exchange plc (the "London Stock Exchange").

East Star Resources Plc

("Company" or "East Star")

Announcement of the Publication of a Prospectus and Fundraising

East Star Resources plc, a company formed for the purpose of undertaking an acquisition or acquisitions of a majority interest in a company, business or asset, is pleased to announce that the Prospectus dated 27 April 2021 has been approved by the Financial Conduct Authority (the "Prospectus") in connection with an application for admission of the enlarged Ordinary Share capital of the Company to the Official List (by way of Standard Listing under Chapter 14 of the Listing Rules) of the Financial Conduct Authority and to trading on the London Stock Exchange's Main Market ("Admission").  The Company intends to focus on opportunities in the natural resources sector, but the Company shall not be limited to such sector. 

In connection with Admission, the Company will subject to and conditional upon Admission, issue a total of 39,689,947 ordinary shares having a nominal value of £0.01 each ("Ordinary Shares"), at an issue price of £0.05 per share (the "Fundraising"), based on direct subscriptions and a placing co-ordinated by the Company's brokers, Peterhouse Capital Limited, raising gross proceeds of £1,985,000.

The Prospectus has been submitted to the National Storage Mechanism and will be available shortly for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.  A copy of the prospectus can also be located on the Company's website at the following address: Investors - East Star Resources (east-star-resources.com)

The Company expects that Admission and commencement of dealings in the Company's Ordinary Shares will occur at 8.00 a.m. (UK time) on 4 May 2021 under TIDM EST.  The Company ISIN will be GB00BN92HZ16 and SEDOL BN92HZ1. 

Enquiries

East Star Resources Plc	Charles Wood Non-executive Director	+44 020 3475 6834
Peterhouse Capital Limited (as brokers to the Company)	Lucy Williams/Duncan Vasey	+44 (0)207 469 0936

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