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All Star Minerals PLC (ASMO)

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Friday 08 July, 2016

All Star Minerals PLC

Convertible Loan Note Extension and Issue of Eq...


("All Star" or "the Company")

Convertible Loan Note Extension and Issue of Equity

Further to the announcement on 3rd December 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 9 months from the Fourth Extended Maturity Date.

Fourth extended maturity date Principal amount Fifth extended maturity date
8/04/2016                £55,000                08/01/2017         
30/04/2016                £27,500                30/01/2017         
30/04/2016 £27,500                30/01/2017         

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

The liability arising due to the coupon for the 6 month period from the Third Extended Maturity Date to the Fourth Extended Maturity Date has now been settled by way of the issue of 7,857,144 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 948,403,317 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.


All Star Minerals plc
Tomas Nugent, Chairman
01473 722768

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

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