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All Star Minerals PLC (ASMO)

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Friday 08 July, 2016

All Star Minerals PLC

Update on Convertible Loan Note and Issue of Equity


("All Star" or "the Company")
Update on Convertible Loan Note and Issue of Equity

The Company announces that it has agreed to extend the Convertible Loan Note, which was issued to Valiant Investments Plc (“Valiant”), as announced on 19 February 2014. The terms of the Convertible Loan Note have been amended whereby the maturity date has been extended to May 2017 with fixed interest of 20% per annum at a conversion price of 0.14p paid on an annual basis.

Issue of Equity

Additionally, the Company has issued 1,428,571 new shares in lieu of outstanding liabilities arising due to the coupon on the Convertible Loan Note.

The 1,482,571 new shares issued have been admitted to trading on ISDX. Following the issue the Company now has ordinary shares in issue of 949,831,888.

The Directors of All Star are responsible for the contents of this announcement.


All Star Minerals Plc
Tomas Nugent, Chairman
01473 722768

ISDX Corporate Adviser
Cairn Financial Advisers LLP
Liam Murray
020 7148 7900

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