Business
Exercise of Warrants
East Star Resources Plc has announced the exercise of warrants, resulting in the subscription for 25,590,545 new ordinary shares at £0.03 pence each, generating gross proceeds of £767,716. These new shares are expected to be admitted to trading on the London Stock Exchange around January 6, 2026, and will rank pari passu with existing shares. Following this admission, the company's enlarged issued share capital will comprise 475,175,080 ordinary shares. Disclaimer*
About this update from East Star Resources Plc
[{"type":"text","content":"\n\n30 December 2025\nEast Star Resources Plc\n(\"East Star\" or the \"Company\") \nExercise of Warrants\nEast Star Resources Plc (LSE: EST), the Kazakhstan-focused gold and base metals explorer, is pleased to announce that it has received warrant exercise notices to subscribe for a total of 25,590,545 new ordinary shares of £0.01 each in the Company (\"Ordinary Shares\") (the \"Warrant Shares\"). \nA total of 25,590,545 Warrant Shares have been exercised at a price of £0.03 pence per Ordinary Share resulting in total gross proceeds to the Company of £767,716.\nAdmission\nApplication has been made for the Warrant Shares to be admitted to the standard segment of the Official List and to trading on the main market for listed securities of the London Stock Exchange, and admission of the Warrant Shares is expected to occur on or around 6 January 2026 (\"Admission\"). The Warrant Shares will rank pari passu with the existing Ordinary Shares.\nFor the purpose of the Disclosure and Transparency Rules, following Admission the enlarged issued share capital of the Company will comprise 475,175,080 Ordinary Shares. The Company does not hold any shares in treasury. The above 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.\nContacts:\nEast Star Resources Plc\nAlex Walker, Chief Executive Officer\nTel: +44 (0)20 7390 0234 (via Vigo Consulting)\n \nSI Capital (Corporate Broker)\nNick Emerson\nTel: +44 (0)1483 413 500\n \nVigo Consulting (Investor Relations)\nBen Simons / Peter Jacob\nTel: +44 (0)20 7390 0234\n \nAbout East Star Resources Plc\n \nEast Star Resources is focused on the discovery and development of copper and gold in Kazakhstan. The Company is pursuing multiple exploration strategies including:\n \n\n\n\n\n· \n\n\nA joint venture with Hong Kong Xinhai Mining Services Limited to take the Verkhuba Deposit (20.3Mt @ 1.16% copper, 1.54% zinc and 0.27% lead) into production (at no further cost to East Star) with East Star retaining 30% ownership in production\n\n\n\n\n· \n\n\nA second VMS Exploration Target with up to 23Mt @ 2.4% copper equivalent in the same...