Thursday, May 3rd, 2012 - Estrella Resources
Estrella Resources Limited (Estrella) is pleased to announce that its A$6 million Initial Public Offering has close early and substantially oversubscribed.

As a result of the significant demand from retail and Australian/Asian institutional investors, the IPO equity raising closed early on Monday 30 April 2011.  

Trading on the ASX is expected to commence on or around 8 May 2012, some two weeks ahead of the prospectus guidance IPO listing date of 22 May 2012.

Dr Jason Berton Estrella's managing director said:

"Despite a difficult climate for equity raisings, the success of the Estrella IPO augurs well for our shareholders and their investment in our Company.

"Estrella is buoyed by a strong level of interest in the IPO from new and existing institutional investors in Australia and Asia. 

"Whilst this is a small capital raising, tribute to the quality of the highly prospective concessions that the Company has within its portfolio."

Estrella Resources acknowledges the continued support of the eight original institutional investors in the IPO. This suggests that Estrella has the basis for a sound medium term share register.

"The support from our retail advisers at Wentworth Partners, Macquarie Private Wealth, Octa Phillip and RBS Morgans has also been influential in the success of Estrella's IPO," continues Dr Berton.
 
Chile is the world's largest copper producer, accounting for 35 per cent of global copper output for the last 30 years, and is known for its excellent infrastructure.

Estrella Resources joins major international miners active in Chile including BHP Billiton, Rio Tinto, Xstrata, Teck Cominco as well as emerging miners such as Hot Chili.
 
For further information please contact: 
Media inquiries -­ Louise Convy, (+61) 0408 965714 [email protected]

Contact Profile

Estrella Resources


Estrella Resources is an Australian based Chile focused copper-gold mining company.
Louise Convy
P: 0408965714
W: www.estrellaresources.com.au

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Estrella Resources closes IPO

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