Fladgate advises Tri-Star Resources on £9.1m fundraising

Our team: David Robinson, Zehra Kofturcu, Emily Comber

Fladgate has advised AIM listed Tri-Star Resources on a series of related transactions designed to restructure the company’s balance sheet.  These transactions include the conversion of £4.4m of loan notes into equity, a £9.1m placing, the application of £7.8m of the placing proceeds to the redemption of the balance of the company’s loan notes held by Odey and the conditional waiver of the obligation on Odey to make an offer under Rule 9 of the Takeover Code.

Tri-Star’s principal asset and focus of activities is its 40% interest in an Omani joint venture company that is developing an antimony roaster (OAR).  Construction of the OAR has commenced on site and the first items of major equipment have started to arrive.

The Fladgate team was led by capital markets partner David Robinson assisted by corporate associate Zehra Kofturcu and corporate trainee solicitor Emily Comber.

Blogs

View by author:

Would you like to hear more?

Sign up to receive updates

Integrated

Our clients come to us to solve problems that are often complex and multifaceted. We draw together the multiple strands of a business or personal challenge into a coherent, integrated legal response that combines the knowledge and experience of experts in all the relevant fields.

Partner-led

We operate in small teams in which partners not only take the lead but also do a significant amount of the detailed work. Clients can be assured that the partners they engage and brief will remain closely involved in developing and delivering the advice as part of our close-knit, expert teams.

Experienced

Fladgate has a long heritage of delivering high-quality legal advice. We have been providing practical legal solutions to businesses and private clients for over 250 years. Today we are one of the UK’s top 100 law firms, with over 80 partners and a reputation for providing solutions that work.