All Star Minerals plc

November 12, 2013 02:00 ET

Appointment of Chairman and Loan Redemption

12 November 2013
                                       ALL STAR MINERALS PLC
                                   ("All Star" or "the Company")

            Appointment of Chairman, Redemption of Loan Stock, Loan and Issue of Equity


All  Star  Minerals  is also pleased to announce the appointment of Mr Tomas Nugent  as  Executive
Chairman of the Company.

Mr Nugent commenced his career in the City in 2003 by raising capital for smaller companies coming
onto  the  markets.  Since  then  his career has spanned sales trading,  fund  management,  equity
research and private equity.

     Current Directorships and Partnerships         Past Directorships and Partnerships over the
                                                                    last 5 years
               U3O8 Holdings Plc                           Mayfair Corporate Finance Plc
            Compredi and Co Limited                            Match Partners Limited

Conrad Windham, Chief Executive Officer, commented:

"We  have  been looking to appoint a high calibre Executive Chairman to the board of All Star  for
some  time,  and Tomas fits the bill perfectly. Tomas brings substantial experience  and  contacts
within the natural resource sector, having actively invested in the sector on behalf of his client
base for a number of years. Having been active in the sector for a good number of years, I am sure
his involvement will prove invaluable going forward."

Tomas Nugent, Chairman, commented:

"I  am  delighted  to  join  the  board of All Star as Chairman,  especially  on  a  day  of  such
significance,  as  we announce the acquisition of the Big One in Queensland.  I  look  forward  to
adding value, and unlocking the substantial potential of the Company's development and exploration


All  Star announces that it has, following the receipt of a redemption notice from Conrad Windham,
CEO of the Company, repaid the outstanding £50,000 nominal of the two 10% £25,000 Convertible Loan

A  total  of 1,500,000 ordinary shares in the Company have been issued to Mr Windham at  0.5p  per
share, being the total interest payable on the loan notes.

Following  this  allotment there are now 350,648,320 ordinary shares in  issue,  of  which  Conrad
Windham is now interested in 18,610,070 ordinary shares in the Company, representing 5.31% of  the
issued share capital.


Mr  Windham has also agreed to provide certain loans to the Company, which are not repayable prior
to  31  January 2014, and which bear fixed interest of 10% of the total amount loaned, payable  in
ordinary shares of the Company at 0.1p.


In  aggregate, the Directors are now interested in 18,725,585 ordinary shares, representing  5.34%
of the issued share capital of the Company.

The  above figure of 350,648,320 ordinary shares may be used by shareholders in the Company 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 share capital of  the  Company  under  the
Financial Conduct Authority's Disclosure and Transparency Rules.

The Directors of the Company accept responsibility for the contents of this announcement.


All Star Minerals plc

Tomas Nugent, Chairman
Conrad Windham, CEO
01366 500722

Corporate Adviser

Peterhouse Corporate Finance Limited

Guy Miller / Mark Anwyl
Telephone: 020 7220 9796

Contact Information

  • All Star Minerals plc