Fladgate acts for AIM listed Tri-Star Resources Plc on £4m private placing

Our team: David Robinson

Fladgate LLP has acted for AIM listed Tri-Star Resources Plc (Tri-Star) on the private placing of £4m secured convertible bonds with Odey European Inc.

The bonds will be drawn down in two tranches, with the first £1.33m being drawn down immediately and the balance to be drawn down by 31 January 2014. Proceeds from the issue will be used to complete the proposed acquisition of Portage Minerals Inc.

Tri-Star is an independent mining company that produces and markets antimony metal and antimony tri-oxide products.

Fladgate LLP corporate partner David Robinson advised Tri-Star.

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