REG - East Star Resources - Exercise of Warrants

East Star ResourcesAnnouncement

26/06/2024 14:15

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RNS Number : 0101U  East Star Resources PLC  26 June 2024

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 (http://www.eaststarplc.com)

 

Follow us on social media:

LinkedIn: https://www.linkedin.com/company/east-star-resources/
(https://www.linkedin.com/company/east-star-resources/)

 

X (formerly Twitter): https://twitter.com/EastStar_PLC
(https://twitter.com/EastStar_PLC)

 

Subscribe to our email alert service to be notified whenever East Star
releases news:

 

www.eaststarplc.com/newsalerts (http://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.

 

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