Last checked at 25 Apr 2013 16:29
Astar Minerals plc
(the "Company")
Placing of New Shares and Disposal of Assets
Further to the announcement made earlier today regarding the result of the General Meeting, the Company can now confirm that both the Placing of 224,000,000 new Ordinary Shares of 0.1p each for gross consideration of £336,000, and the disposal of the Company's Canadian assets, have now become unconditional in all respects.
As a result of this, the Company is now classified as an Investing Company pursuant to Rule 15 of the AIM Rules for Companies. The Investing Policy approved at the General Meeting held earlier today can be seen on the Company's website, www.astarminerals.com.
The suspension of trading in the Company's ordinary shares will be lifted at 7:30am on Friday 26 April 2013.
For more information please contact:
Astar Minerals plc | |
Lynda Chase-Gardener, Chairman | Tel: +44 (0) 1206 230770 |
Euan McApline, Executive Director | |
Zeus Capital | Tel: +44 (0) 161 831 1512 |
(Nominated Adviser and Joint Broker) | |
Ross Andrews/Andrew Jones | |
Peterhouse Corporate Finance Limited | Tel: +44 (0) 207 562 3357 |
(Joint Broker) | |
Jon Levinson/ Lucy Williams |