6 Sep 2013 07:00
06 September 2013
Tri-Star Resources Plc ("Tri-Star Resources" or the "Company")
Proposed Acquisition of Portage Minerals Inc.
Further to the announcement on 20 August 2013, the Company announces that Portage Minerals Inc. ("Portage") has filed on the Canadian System for Electronic Document Analysis and Retrieval ("SEDAR"), an addendum to the information circular posted by Portage to Portage shareholders containing (i) the unaudited interim results of Tri-Star Resources as at and for the six month period ended 30 June 2013 (the "Interim Results"); (ii) the Management Discussion & Analysis under Form 51-102F1 in respect of the Interim Results; and (iii) pro-forma financial statements of Tri-Star Resources giving effect to the Acquisition as if it had occurred as at 30 June 2013 and for the period ended 30 June 2013 (together the "Addendum").
The Addendum is available on Tri-Star Resources' website at www.tri-starresources.com.
The Acquisition is conditional, inter alia, on approval by a two thirds majority of Portage shareholders voting at the meeting of Portage shareholders to be held on 12 September 2013 at 10.00 a.m. (3.00 p.m. London time). Completion of the Acquisition and admission to trading on AIM of Tri-Star Resources' new ordinary shares, to be issued, inter alia, as consideration for the Acquisition as detailed in the announcement made on 6 August 2013, is expected to take place on or around 18 September 2013.
Further announcements will be made to shareholders in due course.
Enquiries:
Tri-Star Resources Plc Emin Eyi, Managing Director Brian Spratley, Technical Director |
Tel: +44 (0)203 463 2260 Tel: +44 (0)1233 629 550
|
Strand Hanson Limited (Nomad) James Harris / Richard Tulloch/Ritchie Balmer |
Tel: +44 (0)207 409 3494
|
SP Angel Corporate Finance LLP (Joint Broker) Robert Wooldridge/Katy Birkin |
Tel : +44 (0)203 463 2260
|
Keith, Bayley, Rogers & Co Limited (Joint Broker) Brinsley Holman |
Tel: +44 (0)203 100 8300
|
About Tri-Star Resources
Tri-Star Resources is a focused antimony company whose management has many years experience in trading and mining this critical mineral. The Company's objective is to become the leading integrated antimony metal and products manufacturer to western economy consumers utilising a new technical and environmentally advanced 20,000 tonnes per annum name plate capacity antimony metal and tri-oxide production facility in the Gulf, with raw material supplied from its upstream resource projects in Turkey and Canada and from third party producers.
Further information is available at www.tri-starresources.com.