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All Star Minerals PLC (ASMO)

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Thursday 03 December, 2015

All Star Minerals PLC

Convertible Loan Note Extension and Issue of Eq...

All STAR MINERALS PLC

("All Star" or "the Company")

Convertible Loan Note Extension and Issue of Equity

Further to the announcement on 19 May 2015, the Company has agreed with the Convertible Loan Note holders listed in the table below, to further extend the terms of the notes for a further period of 6 months from the Third Extended Maturity Date.

Third extended maturity date Principal amount Fourth extended maturity date
8/10/2015                £55,000                08/04/2016         
31/10/2015                £27,500                30/04/2016         
31/10/2015 £27,500                30/04/2016         

The Convertible Loan Notes carry a coupon of 20 per cent per annum.

The liability arising due to the coupon for the 9 month period from the Second Extended Maturity Date to the Third Extended Maturity Date has now been settled by way of the issue of 11,785,713 new ordinary shares in the Company at a price of 0.14 pence per share. The Company has today issued and allotted these new ordinary shares which have been admitted to trading on ISDX.

Following this issue of equity the Company's issued share capital comprises of 788,546,173 ordinary shares of 0.01 pence per share. This figure may 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 to their interest in, the Company, under the Disclosure and Transparency Rules.

The Directors of the Company accept responsibility for the content of this announcement.

Enquiries

All Star Minerals plc
Tomas Nugent, Chairman
01473 220 072

ISDX Corporate Advisor
Cairn Financial Advisors LLP
Liam Murray / Richard Nash
020 7148 7900


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