East Star Resources PLC - Kazakhstan-focused copper exploration and resource development company - Raises £1.2 million from oversubscribed subscription at 115 pence per share. Proceeds from the fundraising will be used to advance the development concept at Verkhuba through to a stage where economic feasibility can be demonstrated. At the same time, the company intends to advance and drill-test several high-impact targets in the Rudny Altai VMS Belt and progress its targeting strategy for tier 1 copper porphyry and sediment-hosted copper deposits.

Current stock price: 1.27 pence, closed up 15% in London on Friday

12-month change: down 14%

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