We are delighted to have supported East Star Resources Plc on their Acquisition of Discovery Ventures Kazakhstan Limited and re-admission to the Main Market of the London Stock Exchange.
East Star has raised gross proceeds of £3.1 million through the issue of 62,000,000 placing shares priced at 5p each, giving a market capitalisation of £9,112,508 on Admission.
East Star Resources Plc is a Special Purpose Acquisition Company, formed to seek acquisitions in the natural resources sector.
“PKF have been with East Star since the initial IPO and continued to provide support through the RTO with DVK Limited. This continued relationship is testament to PKF’s highly efficient and knowledgeable corporate finance team, who we will continue to draw on as we look to grow following the successful re-listing.” Anthony Eastman – Non-Executive Director | East Star Resources Plc
PKF acted as reporting accountant on the transaction and the Capital Markets team included Adam Humphreys, Lauren Haslam and Sam Bradshaw.