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Provider: Thomson Reuters Stock Report
Provider: Reuters Investment Profile
Provider: GlobalData
Provider: GlobalData

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Tri Star Resources PLC Announces Completion Of Acquisition

Monday, 7 Oct 2013 02:00am EDT 

Tri Star Resources PLC announced that all conditions in respect of the acquisition of Portage Minerals Inc. (Portage) (the Acquisition) have been satisfied and the Acquisition has been completed. The Acquisition has been effected by way of an amalgamation of Portage and Tri-Star Resources' existing Canadian subsidiary to form a new wholly owned Canadian subsidiary of the Company called Tri-Star Antimony Canada Inc. In connection with the Acquisition, the Company has issued 1,085,999,844 new ordinary shares of GBP0.00005 each (Tri-Star Shares) in exchange for the issued and outstanding common shares of Portage (Portage Shares) and an aggregate of 34,000,000 Tri-Star Shares to creditors of Portage, collectively representing approximately 16.37% of the issued share capital of Tri-Star Resources. 

Company Quote

0.0050 +4.00%
3 Jul 2015