All STAR MINERALS PLC
("All Star" or "the Company")
Convertible Loan Note Extension and
Issue of Equity
Further to the announcement on 8 July
2016, the Company has agreed with the Convertible Loan Note
holders listed in the table below, to further extend the terms of
the notes for a further period of 12 months from the Fifth Extended
Maturity Date.
| Fifth extended maturity date |
Principal amount |
Sixth extended maturity date |
|
8/01/2017 |
£55,000 |
08/01/2018 |
|
30/01/2017 |
£27,500 |
30/01/2018 |
| 30/01/2017 |
£27,500 |
30/01/2018 |
The Convertible Loan Notes carry a coupon of 20 per cent per
annum at a conversion price of 0.10p
The liability arising due to the coupon for the 9 month period
from the Fourth Extended Maturity Date to the Fifth Extended
Maturity Date has now been settled by way of the issue of
11,785,713 new ordinary shares in the Company at a price of
0.14 pence per share. The Company has
today issued and allotted these new ordinary shares which have been
admitted to trading on ISDX.
Following this issue of equity the Company's issued share
capital comprises of 1,087,617,601 ordinary shares of 0.01 pence per share. This 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.
The Directors of the Company accept responsibility for the
content of this announcement.
Enquiries
All Star Minerals plc
Tomas Nugent, Chairman
07963-455663
ISDX Corporate Advisor
Cairn Financial Advisors LLP
Liam Murray / Richard Nash
0207
213-0880