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STREAMPLAY STUDIO LIMITED — Major Shareholding Notification 2012
Feb 1, 2012
65841_rns_2012-02-01_80899601-0983-4bd8-a547-d3501a93c64f.pdf
Major Shareholding Notification
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2 February 2012
GIPPSLAND BECOMES A SIGNIFICANT SHAREHOLDER IN STELLAR RESOURCES LIMITED (ASX: SRZ)
The Board is pleased to advise that, following approval by shareholders of Gippsland Limited and Stellar Resources Limited of the sale and purchase of Gippsland’s 40% interest in the Heemskirk Tin Joint Venture, Stellar Resources has issued 43,528,743 ordinary shares to Gippsland.
Gippsland is also entitled to a net smelter royalty in respect of future tin production from Heemskirk.
The Stellar Resources shares are subject to escrow pursuant to ASX rules for 12 months.
The Company expects that Stellar will now be able to finance exploration of the Heemskirk Tin Project and progress the project significantly.
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IAN GANDEL Chairman