Further re Proposed Joint Venture

RNS Number : 4942N
Tri-Star Resources PLC
01 September 2011
 



TRI-STAR RESOURCES PLC

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

 

Update re Proposed Joint Venture

 

Further to the announcement made by the Company on 28 June 2011, relating the non-binding letter of intent ("LOI") entered into with Portage Minerals Inc ("Portage") in respect of Portage's Bald Hill antimony project in New Brunswick, Canada, Tri-Star is pleased to announce that it has now satisfactorily completed its due diligence period.

 

Following completion of this due diligence, Tri-Star is currently in ongoing negotiations with Portage in relation to the LOI and an extension to the timing for completion of a binding joint venture agreement, previously scheduled to be completed by 31 August 2011, and further announcements will be made in due course.

 

Enquiries:

 

Tri-Star Resources Plc                                        

Michael Hirschfield

 

Tel: +44 (0)844 8157 339

Strand Hanson Limited (Nomad)

James Harris / Paul Cocker / Liam Buswell

Tel: +44 (0)20 7409 3494

 

 

 


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