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DJ All Star Minerals Plc Issue of Equity, Loan Notes & Grant of Warrants

 
TIDMASMO 
 
ALL STAR MINERALS PLC 
                         ("All Star" or the Company) 
 
        Issue of Equity, Conversion of Loan Notes and Grant of Warrants 
 
Fundraise 
 
Further to the announcement made on 22 May 2020, the Company announces that it 
has raised a further GBP200,000 before expenses and issued 1,000,000,000 new 
ordinary shares at 0.02p per share ("Placing Price"). 
 
A total of GBP280,000 before expenses has been raised by the Company since 22 May 
2020. 
 
In addition, a convertible loan note holder has agreed to convert GBP55,000 
principal at the Placing Price into 275,000,000 new ordinary shares ("Loan 
Conversion"). 
 
Following the Conversion, the Company no longer has any outstanding loan notes. 
 
The Company is also issuing 34,000,000 new ordinary shares in relation to GBP 
34,000 of existing liabilities at a price of 0.1p per share ("Liability 
Conversion"). 
 
As a result of the Placing, Loan Conversion and Liability Conversion, the 
Company has issued 1,309,000,000 new ordinary shares. 
 
In relation to the Placing and Loan Conversion, the Company is to issue 
837,500,000 warrants exercisable at 0.04p per share. The warrants expire on 31 
December 2022. 
 
The net proceeds of the Placing will be used for working capital purposes and 
potential project evaluation. 
 
Total Voting Rights 
 
Following the issue of shares in relation to the Placing, Loan Conversion and 
Liability Conversion, the Company now has ordinary shares in issue of 
2,839,474,743. 
 
The Directors of All Star are responsible for the contents of this 
announcement. 
 
This announcement contains inside information for the purposes of Article 7 of 
EU Regulation 596/2014. 
 
ENQUIRIES: 
 
All Star Minerals Plc 
Tomas Nugent, Chairman 
Via Cairn Financial 
 
AQSE Corporate Adviser 
Cairn Financial Advisers LLP 
Liam Murray 
020 7213 0880 
 
 
 
END 
 

(END) Dow Jones Newswires

June 24, 2020 03:48 ET (07:48 GMT)