All Star Minerals plc
LSE : ASMO

June 29, 2011 06:00 ET

Issue of Equity and Appointment of Broker

                                                                             
                                                                                        29/06/2011
                                                                         GB00B12T7004/GBP/PLUS-exn

                                              ALL STAR MINERALS PLC
                                           ("All Star" or the "Company")
                                                 
                             Issue of Equity and Appointment of Broker

All Star is pleased to announce that it has raised gross proceeds of ?150,000 through the issue of
17,647,059 new ordinary shares at an issue price of 0.85p per ordinary share.

Following this placing, there are now 224,034,916 ordinary shares in issue, of which the Directors
are interested in a total of 7,451,515 ordinary shares, representing 3.33% of the voting rights in
the issued ordinary share capital of the Company.

Additionally, following this placing, SVS Securities Plc is now interested in 17,647,059  ordinary
shares,  representing  7.88%  of the voting rights in the issued ordinary  share  capital  of  the
Company. SVS Securities Plc's interest relates to a legal and beneficial holding.

The  new  ordinary  shares issued in the placing will rank pari passu in  all  respects  with  the
existing  fully  paid  ordinary shares. The new ordinary shares issued  in  the  placing  and  the
existing ordinary shares each have one right to vote per share.


THE COMPANY

All  Star  is a PLUS-quoted company focused on the exploration of uranium, rare earth metals,  and
iron  ore  in  Sweden.  The Company holds five wholly-owned licences covering  three  projects  in
Northern  Sweden, the development of which is led by its Chief Geologist, Dr Jan-Ola  Larsson.  At
its  most  advanced project, Gilpas, the Company is intending to undertake a drilling  program  in
order to confirm the presence of uranium mineralization.

APPOINTMENT OF CORPORATE BROKER

All Star is pleased to announce the appointment of SVS Securities Plc as its corporate broker with
immediate effect. St Helens Capital Partners LLP remains as the Company's PLUS Corporate Adviser.

CONRAD WINDHAM, CHIEF EXECUTIVE OFFICER, SAID:

"I  am  pleased that All Star has appointed SVS Securities as its corporate broker. I am confident
that  SVS  will  be  of  great assistance to ensure All Star can fulfill  and  expedite  both  its
exploration  and  corporate  strategy, which has already been  aided  greatly  by  this  round  of
fundraising. The funds raised will enable All Star to undertake a far more aggressive  exploration
program at its projects in Sweden, and to this end it is our intention to provide the market  with
a progress report at the start of the third quarter."


The Directors of All Star are responsible for the contents of this announcement.

ENQUIRIES:

Company

All Star Minerals plc
Conrad Windham, CEO
Telephone: 020 3130 0674
E-mail: c.windham@allstarminerals.com

Corporate Advisers

St Helens Capital Partners LLP
Duncan Vasey or Mark Anwyl
Telephone: 020 7368 6959

Broker

SVS Securities plc
Ian Callaway or Alex Mattey
Telephone: 020 7638 5600

Website: www.allstarminerals.com

Contact Information

  • All Star Minerals plc