Tri-Star Resources Plc Press Speculation

 
TIDMTSTR 
 
Tri-Star Resources PLC / AIM: TSTR / Sector: Natural Resource 
 
13 November 2020 
 
   Certain information contained in this announcement would have been deemed 
 inside information for the purposes of Article 7 of Regulation (EU) No. 596/ 
                  2014 until the release of this announcement 
 
                      Tri-Star Resources plc ("Tri-Star") 
 
                               Press Speculation 
 
Tri-Star Resources plc (AIM: TSTR), the minerals processing company with a 
16.3% investment in Strategic & Precious Metals Processing LLC ("SPMP"), an 
antimony and gold production facility in the Sultanate of Oman, notes the 
posting made by SPMP on its LinkedIn account which refers to the completion of 
"an additional round of financing and shareholder funding valued at USD120M". 
 
The board of Tri Star understand that this refers to the refinancing of the 
existing SPMP bank debt of approximately USD60m and further debt funding of 
USD60m provided by Oman Investment Authority LLC ("IAC") and DNR Industries 
Limited ("DNR"). The new debt provided by IAC and DNR is referred to in the 
Company's announcement of 3 November 2020 as "New Loans" which are to be 
provided to enable SPMP to complete its plant. 
 
                                   **ENDS** 
 
For further information, please visit www.tri-starresources.com or contact: 
 
Tri-Star Resources plc                                              c/o SBP 
David Facey, CEO/ CFO                              Tel: +44 (0)20 7236 1177 
 
St Brides Partners (Financial PR) 
Isabel de Salis / Beth Melluish                    Tel: +44 (0)20 7236 1177 
 
SP Angel Corporate Finance (Nominated 
Adviser)                                           Tel: +44 (0)20 3470 0470 
Jeff Keating/ Caroline Rowe 
 
finnCap Ltd (Broker) 
Christopher Raggett                                Tel: +44 (0)20 7220 0500 
 
 
 
END

(END) Dow Jones Newswires

November 13, 2020 07:05 ET (12:05 GMT)

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