All Star Minerals plc

October 23, 2013 02:00 ET

Issue of Convertible Loan Note

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

                                  Issue of Convertible Loan Note

23 October 2013

All Star announces that it has issued an unsecured convertible loan note of £25,000 ("Loan Note"),
with a maturity date of 31 January 2014.

The  Loan  Note  carries a coupon of 10%, which is convertible and payable through  the  issue  of
ordinary shares in the Company at a price of 0.1p per share.

The  capital  element of the Loan Note is convertible into ordinary shares, at the option  of  the
loan note holder, in the Company at a conversion price of 0.1p per share.

The  loan  will be used to fund the working capital of the Company and to assess new opportunities
as they arise.

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


All Star Minerals plc
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