Fladgate LLP has advised AIM listed Tri-Star Resources Plc on its open offer to shareholders to raise up to approximately £4.4 million through the issue of new ordinary shares.
The purpose of the open offer is to provide funds for part pre-payment of the $6 million of loan notes issued by Tri-Star in November 2017 and to allow Tri-Star to retain part of the funds as working capital.
Tri-Star is a technology and mineral processing company engaged in the exploration, mining and downstream value added processing for a minor metal, antimony. It holds a 40% equity interest in Omani company, Strategic & Precious Metals Processing LLC.
Tri-Star Resources was advised by capital markets partner David Robinson (picture), assisted by corporate associate Orit Rioumine Gold and corporate trainee solicitor Christopher Wilkinson.
Law Firms: Fladgate LLP;
Clients: Tri-Star Resources;