All Star Minerals plc
LSE : ASMO

June 29, 2012 02:00 ET

Loan Note Facility, Issue of Equity and Total Voting Rights

                                                                                               29 June 2012
                                                                                  GB00B12T7004/GBP/PLUS-exn
                                                     
                                           All Star Minerals plc
                                       ("All Star" or the "Company")
                                                     
                                  Loan Note Facility and Issue of Equity

All  Star Minerals plc is pleased to announce that the Company has agreed to accept a £50,000 loan facility
from Conrad Windham, CEO of the Company. The loan facility is for an 18 month period, and comprises of  the
issue  of  two convertible unsecured loan notes of £25,000 each to Mr. Windham. Interest on the loan  notes
accrues at the rate of 10% per annum and the loan notes are convertible into ordinary shares in All Star at
0.5 pence per share. Interest on the loan notes is only payable in ordinary shares in the Company. The loan
note contains a warrant on a one for one basis exercisable into 10,000,000 ordinary shares at 0.5 pence per
share  at  anytime for a period of three years and expires on 30 June 2015. The proceeds will be  used  for
general working capital.

In April 2012, Conrad Windham loaned the Company GBP7,550 and Mr Windham has agreed to convert this loan at
a  price  of 0.4 pence per share, in line with the current market price, into 1,887,500 ordinary shares  in
All  Star.  Conrad Windham has also decided to convert his accrued salary up to 31 May 2012, into  ordinary
shares at 0.5 pence per share and has been issued with 2,022,570 ordinary shares.

Conrad  Windham is now interested in 15,110,070 ordinary shares in the Company representing  4.93%  of  the
issued share capital. The Directors are interested in 15,225,585 shares representing 4.97% of the Company's
issued share capital.

In accordance with the Financial Services Authority's Disclosure and Transparency Rules, the Company hereby
announces that it has 305,948,320 ordinary shares of 0.1p each in issue, each share carrying the  right  to
one  vote. The Company does not hold any ordinary shares in treasury.

The  above  figure  of  305,948,320  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  Services
Authority's Disclosure and Transparency Rules.

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

ENQUIRIES:

ALL STAR MINERALS PLC
Conrad Windham, CEO
Telephone: 020 3130 0674
E-mail: c.windham@allstarminerals.com
Website: www.allstarminerals.com

CORPORATE ADVISER
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

FINANCIAL PR
Newgate Threadneedle
Beth Harris
Telephone: 020 7653 9850

Contact Information

  • All Star Minerals plc