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East Star is the latest in a long line of SPACs to hit the global markets
East Star Resources PLC (LON:EST), a special purpose acquisition company (SPAC), has listed on the main market of the London Stock Exchange.
Among the company’s directors are well-known names in the mining and natural resources sector, including Anthony Eastman and Charlie Wood.
The company’s non-executive chairman is Sandy Barblett, who has 25 years of experience in senior management and was one of the founders of Capital Metals.
The company raised just under £2mln on admission via a placing at 5p.
By mid-morning the shares were trading at 6p.