Issue of equity & grant of warrants

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No. 596/2014 until the release of this announcement

7 November 2018

Tri-Star Resources plc ("Tri-Star" or the "Company")

Issue of equity & grant of warrants

Issue of equity

Tri-Star announces that it has today allotted 17,241 ordinary shares of 5p each in the capital of the Company (“Ordinary Shares”) at a price of 43.5 pence per Ordinary Share, and 6,080 Ordinary Shares at a price of 41.12 pence per Ordinary Share in consideration for services provided.

The Company has applied for admission of the 23,321 new Ordinary Shares (the “New Ordinary Shares”) to trading on AIM. Dealings are expected to become effective on or around 13 November 2018 (“Admission”). The New Ordinary Shares represent approximately 0.025% of the total Ordinary Shares that are expected to be in issue.                                 

Following Admission, the Company will have 94,120,463 Ordinary Shares in issue. The Company has no shares in treasury, therefore the figure of 94,120,463 should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change of their interest in, the share capital of the Company under the FCA’s Disclosure Guidance and Transparency Rules.

New company secretary appointed & grant of warrants

Tri-Star is pleased to announce the appointment of Lavinia Jessup as Company Secretary effective as of 31 October 2018. In consideration of her appointment, Tri-Star will grant Lavinia 20,000 warrants exercisable into Ordinary Shares at an exercise price of 40p for a period of three years from the date of issue.

Sole Broker

The Company announces that with immediate effect FinnCap Limited has become its sole broker.

ENDS

Enquiries:

Tri-Star Resources plc

Karen O’Mahony, Acting CEO/ CFO                                              Tel: [phone]

Tavistock Communications Ltd (Financial PR)
Charles Vivian/ Gareth Tredway                                                    Tel [phone]

SP Angel Corporate Finance (Nominated Adviser)

Robert Wooldridge/Jeff Keating                                                     Tel: [phone]

FinnCap Ltd (Broker)

Christopher Raggett/Camille Gochez                                             Tel: [phone]

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Lavinia Jessup
2.	Reason for the notification
a)	Position/status:	Company Secretary
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	Tri-Star Resources plc
b)	LEI:	213800TIXZSF4ZYI2E58
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument: Identification code:	Ordinary shares of 5 pence each GB00BGDLPW84
b)	Nature of the transaction:	Grant of warrants
c)	Price(s) and volume(s):	Price(s) Volume(s) 40p 20,000
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above Price(s) Volume(s) 40p 20,000
e)	Date of the transaction:	6 November 2018
f)	Place of the transaction:	Outside a trading venue