All Star Minerals plc
LSE : ASMO

March 09, 2011 08:00 ET

Placing, Issue of Equity and Exercise of Options

                                                                             
                                                                                        09/03/2011
                                                                         GB00B12T7004/GBP/PLUS-exn

                                              ALL STAR MINERALS PLC
                                           ("All Star" or the "Company")
                                                 
                         Placing, Issue of Equity and Exercise of Options
                                                 
All  Star is pleased to announce that, further to the statement made on 25 February 2011,  it  has
placed  8,500,000  ordinary shares of 0.1p each at a price of 1.25p raising £106,250.  The  monies
raised will be used to fund the ongoing development of the Company's projects in Sweden.

To  this  end, work has already commenced on understanding the magnetite anomaly at the  north  of
Samon licence, which covers a continuous area of 750,000 square metres.

The  Company has also issued 5,600,000 ordinary shares to Bridge Hall Stockbrokers Ltd in  respect
of assistance with a previous fundraising.


Exercise of Directors Options

The  Company's Finance Director, Edward Taylor, has exercised 600,000 share options at 1p, and the
Company has received the sum of £6,000. Edward Taylor is interested in a total of 600,000 ordinary
shares in the Company.


Expiry of Share Options

27,650,000 share options, all of which were exercisable at a price of 1p, expired on 8 March 2011.


Issued Share Capital

Following  the  placing, issue of equity and exercise of share options there are  now  206,387,857
ordinary  shares in issue, of which the Directors are interested in a total of 8,051,515  ordinary
shares, representing 3.9% of the issued share capital.

The new ordinary shares rank pari passu with the existing ordinary shares.

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

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

Website: www.allstarminerals.com


Contact Information

  • All Star Minerals plc