CN. Canisp

TIDMTSTR

RNS Number : 8454Z

Tri-Star Resources PLC

22 September 2015

22 September 2015

Tri-Star Resources plc

("Tri-Star" or the "Company")

Issue of Options

Tri-Star (AIM: TSTR) is pleased to announce that following the successful financial close of the Oman Antimony Roaster ("OAR") project announced on 16 September 2015, it has awarded share options to certain directors and consultants.

In total the Company has awarded 245,000,000 options ("Options") over ordinary shares of 0.005p each ("Ordinary Shares"). The exercise price of the Options has been fixed at a price of 0.11p per Ordinary Share which is a 10% premium to the price of the recent placing of Ordinary Shares completed in August 2015.

The following Directors have been issued Share Options:

 
 Director                     Number of    Total number 
                         Options issued              of 
                                           Options held 
                                                  as at 
                                           22 September 
                                                   2015 
 Guy Eastaugh               100,000,000     116,670,000 
 Mark Wellesley-Wood         50,000,000      50,000,000 
 Adrian Collins              35,000,000      79,250,000 
 Jonathan Quirk              30,000,000      74,250,000 
 

The Options vest immediately and are exercisable for a period of 10 years from vesting. :

Following the issue of the Share Options, the Company has 643,470,000 share options in issue representing 7.61 per cent. of the current issued share capital of the Company.

Enquiries:

 
 Tri-Star Resources plc              Tel: +44 (0) 
  Emin Eyi, Managing Director         20 3470 0470 
  Guy Eastaugh, Chief Financial 
  Officer 
 SP Angel Corporate Finance (Nomad   Tel: +44 (0) 
  and Broker)                         20 3470 0470 
  Robert Wooldridge / Jeff Keating 
 
 
 Yellow Jersey PR Limited (Media 
  Relations)                         Tel: +44 (0) 7738 
  Dominic Barretto / Alistair                  076 304 
  de Kare-Silver 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSLLFSVARIFFIE

(END) Dow Jones Newswires

September 22, 2015 09:51 ET (13:51 GMT)

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