East Star Resources PLC Licence Transfers Complete (6343I)
20 Abril 2022 - 01:00AM
UK Regulatory
TIDMEST
RNS Number : 6343I
East Star Resources PLC
20 April 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK
LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS
(SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS
ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER
JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION.
20 April 2022
East Star Resources Plc
("East Star" or the "Company")
Licence Transfers Complete
East Star Resources Plc (LSE:EST), the Kazakhstan-focused gold
and copper explorer, is pleased to announce that all four
exploration licences under the joint venture with Kazakhstan
national mining company Tau-Ken Samruk were transferred on 13 April
2022 to newly established joint venture companies within the Astana
International Financial Centre (AIFC) owned 80% by Discovery
Ventures Kazakhstan Ltd (a 100% owned subsidiary of East Star) and
20% by Tau-Ken Samruk.
-- Licences 670-EL (Dalny) and 774-EL (Apmintas) in the Chu-Ili
orogenic gold belt have been transferred to 'Chu-Ili Resources
Ltd'
-- Licences 847-EL and 914-EL in the Rudny Altai VMS belt of
East Kazakhstan have been transferred to 'Rudny Resources Ltd'
Alex Walker, East Star CEO, commented:
"Kazakhstan continues to commit to improving efficiency,
transparency, and access to data for mineral exploration companies.
The transfer of our licences into formal joint venture companies
within the AIFC, a framework which provides tax jurisdiction and
legal certainty based on English law, reiterates our confidence in
the system and the tenure of our licences. East Star can
confidently move forward with securing additional licences that fit
our exploration and project generation model."
For further information visit the Company's website at
www.eaststarplc.com , or contact:
East Star Resources Plc
Alex Walker, Chief Executive Officer
Tel: +44 (0)20 7390 0234 (via Vigo Consulting)
Peterhouse Capital Limited (Corporate Broker and Placing
Agent)
Duncan Vasey / Lucy Williams
Tel: +44 (0) 20 7469 0930
Vigo Consulting (Investor Relations)
Ben Simons / Oliver Clark
Tel: +44 (0)20 7390 0234
About East Star Resources Plc
East Star Resources is focused on the discovery and development
of gold, copper, and base metal deposits in Kazakhstan. With an
initial four licences covering 1,432 km(2) in two mineral rich
belts, East Star is undertaking an intensive exploration programme,
applying modern geophysics to discover gold, copper, and base
metals in levels that were not previously explored. The Company
also intends to expand its licence portfolio in Kazakhstan. East
Star's management are based permanently on the ground, supported by
local expertise, and a joint venture with the state mining
company.
Follow us on social media:
LinkedIn:
https://www.linkedin.com/company/east-star-resources/
Twitter: https://twitter.com/EastStar_PLC
The person who arranged for the release of this announcement was
Alex Walker, CEO of the Company.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCBXGDSDDBDGDC
(END) Dow Jones Newswires
April 20, 2022 02:00 ET (06:00 GMT)
East Star Resources (LSE:EST)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024
East Star Resources (LSE:EST)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024