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STELLAR RESOURCES LIMITED — Capital/Financing Update 2011
Oct 30, 2011
65860_rns_2011-10-30_f146b477-fd5e-4081-8203-5aa8774898fd.pdf
Capital/Financing Update
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Stellar Resources Limited and Controlled Entities ACN 108 758 961
Registered Office Level 7 Exchange Tower 530 Little Collins Street Melbourne VIC 3000
Telephone: (03) 9909 7618 Facsimile: (03) 9909 7621 B-mail: [email protected] Website: www.stellarresources.com.au
31 October 2011
Ms Julia Kagan Senior Adviser ASX Limited Level 45, South Tower, Rialto 525 Collins Street Melbourne VIC 3000
Dear Julia,
STELLAR RESOURCES LIMITED - SRZ
I refer to our telephone conversation earlier today.
I confirm that Stellar Resources Limited (SRZ) seeks a trading halt pursuant to ASX Listing Rule 17.1 commencing at 10.00am today, 31 October 2011.
As mentioned, SRZ is seeking the trading halt in order to finalise a Sale and Purchase Agreement with Gippsland Limited (GIP) pursuant to which a wholly-owned subsidiary of SRZ will, subject to the approval of shareholders of GIP and SRZ, acquire GIP's 40% carried interest in the Heemskirk Tin Project.
The acquisition will enable SRZ to proceed with the development of this Project as sole owner.
SRZ seeks a trading halt until opening of trading on 2 November 2011. At that time the Company is confident of being able to make a joint announcement with GIP regarding the acquisition and disposal of this interest in the Heemskirk Tin Project.
SRZ is not aware of any reason why the trading halt should not be granted by ASX.
Yours sincerely,
MM C 1
BRYAN & CUMMING
SOLICITOR FOR THE COMPANY