Fladgate acts for Canisp on acquisition of Tri-Star

Our team: David Robinson

Fladgate LLP has acted for AIM listed client Canisp Plc, a cash shell company, on the acquisition of Tri-Star, a Turkish incorporated company that holds a licence and permit for mining exploration of the relatively rare mineral, antimony, in the Gediz district of Turkey.

The transaction was a reverse takeover for Canisp plc and completion of the acquisition was conditional upon re-admission of the company to trading on AIM. Following the acquisition the company will be known as Tri-Star Resources plc. The company’s strategy will be to evaluate the antimony resources, prepare a feasibility study and if the assessment of the site is successful extract antimony for production.

Corporate partner David Robinson led the team advising Canisp.

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