Business
Result of Oversubscribed WRAP Retail Offer
Result of Oversubscribed WRAP Retail Offer.
About this update from East Star Resources Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, SOUTH AFRICA OR JAPAN, OR ANY MEMBER STATE OF THE EEA, OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\n \nTHE COMMUNICATION OF THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS OR MATERIALS RELATING TO THE WRAP RETAIL OFFER AS A FINANCIAL PROMOTION IS ONLY BEING MADE TO, AND MAY ONLY BE ACTED UPON BY, THOSE PERSONS IN THE UNITED KINGDOM FALLING WITHIN ARTICLE 43 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (WHICH INCLUDES AN EXISTING MEMBER OF EAST STAR RESOURCES PLC). ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO SUCH PERSONS AND WILL BE ENGAGED IN ONLY WITH SUCH PERSONS. THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF EAST STAR RESOURCES PLC.\n \n \n10 June 2025\n \nEast Star Resources\n(\"East Star Resources\" or the \"Company\")\n \nResult of Oversubscribed WRAP Retail Offer\n \nOver £0.6m raised from Subscription & Retail Offer\n \nEast Star Resources Plc (LSE:EST), which is exploring for copper and gold in Kazakhstan, is pleased to announce the result of an oversubscribed WRAP Retail Offer. Due to the significant level of demand, the Company is increasing the amount it will accept from the WRAP Retail Offer to £340,992 and has therefore raised aggregate gross proceeds from the Subscription (which has also been increased) and WRAP Retail Offer of £622,292 (together, the \"Fundraise\"). Accordingly, the Company will issue a total of 47,868,616 new Ordinary shares at the Issue Price pursuant to the Fundraise.\n \nDirector Participation\n \nAlexander Walker and Alexander (\"Sandy\") Barblett, who are Directors of the Company, have both participated in the Subscription, subscribing in aggregate for 1,846,154 new Ordinary shares (the \"Directors' Subscription\"). In the case of the Director's Subscr...