Business
Re-Admission to the London Stock Exchange
Re-Admission to the London Stock Exchange.
About this update from East Star Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8472X\n East Star Resources PLC\n 10 January 2022\n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.\n \n \n \n \n \n \n \n 10 January 2022\n \n \n \n \n \n East Star Resources Plc \n \n \n \n \n \n (\"East Star\" or the \"Company\") \n \n \n Re-Admission to the London Stock Exchange\n \n \n East Star, the Kazakhstan-focused gold and copper explorer, is pleased to announce that it has raised gross proceeds of £3.1 million by way of an oversubscribed placing and subscription of 62,000,000 new shares at a price of 5p, and has today been readmitted to the Official List of the Financial Conduct Authority by way of a Standard Listing following its acquisition of 100% of the share capital of Discovery Ventures Kazakhstan Limited (\"DVK\") (the \"Acquisition\"). As a result of the Acquisition, East Star now owns 100% of DVK. \n \n \n \n \n \n Trading in the Company's shares will recommence trading at 8.00 a.m. today on London Stock Exchange's Main Market for listed securities under the ticker 'EST' (ISIN: GB00BN92HZ16).\n \n \n \n \n \n With effect from today, Mr Charles Wood resigns as a Director of the Company and Mr Alex Walker and Mr David Minchin join the Board of Directors of the Company. \n \n \n \n \n \n Highlights\n \n \n · \n Oversubscribed placing and subscription raising gross proceeds of £3.1 million \n \n \n · \n Re-admission to London Stock Exchange following acquisition of DVK\n \n \n \n · DVK holds initial package of four licences in two producing but underexplored mineral belts in Kazakhstan.\n \n \n \n o Chu-Ili belt - high grade historic samples, prospective for gold and copper\n \n \n \n o Rudny Altai belt - copper-zinc potential, in heart of high-grade volcanic massive sulphide belt\n \n \n \n · Results from initial 3,127m of drilling and 739 km2 of magnetic survey due in Q1\n \n \n · \n New mineral law (2018) modelled on Western Australia\n \n \n · \n Licences will be held in 80/20 Joint Venture established together with state mining company\n \n \n · \n CEO based full...