Announcement PDF Chile’s star in copper-gold ASX ANNOUNCEMENT TEXT OF SHAREHOLDER LETTER FOR RELEASE ESTRELLA RESOURCES LIMITED ACN 151 155 207 AUSTRALIAN REGISTERED OFFICE: Level 11, 22 Market St Sydney NSW 2000 Australia 30 April 2015 Dear Shareholder, CONTACT DETAILS: Email: jb@estrellaresources.com.au Non-Renounceable Rights Issue CHILE OFFICE: Santa Beatriz 294 Providencia, Santiago, Chile ASX CODE: ESR For further information please contact: Dr. Jason Berton MAusIMM Managing Director Email: jb@estrellaresources.com.au On 1 April 2015 Estrella Resources Limited (ACN 151 155 207) (ESR or Company) announced a conditionally and partially underwritten rights issue to raise up to approximately $576,624 (Offer). Funds raised will be used for exploration on the Company’s Chilean projects, working capital and paying costs of the Offer. The Offer will be made on the basis of 3 new shares for every 5 existing shares held on the Record Date (see attached timetable) by eligible shareholders (being shareholders with a registered address in Australia or New Zealand) at an issue price of $0.007 per new share. Eligible shareholders may also apply for new shares in addition to their entitlement. New shares to be issued under the Offer will rank equally with existing shares. The Company has applied to ASX for the new shares to be listed. Fractional entitlements will be rounded up to the nearest whole number. A prospectus for the Offer has been lodged with ASIC on 29 April 2015 which will be available on both the ASX’s website and the Company’s website. The Company will mail the prospectus and accompanying personalised entitlement and acceptance form (Entitlement and Acceptance Form) to eligible shareholders following the Record Date. Shareholders should consider the prospectus in deciding whether to acquire new shares under the Offer and will need to complete the Entitlement and Acceptance Form to take up their entitlement. Patersons Securities Limited (Underwriter) has agreed to lead manager and partially and conditionally underwriter the Offer for $254,000. Black Swan Global Pty Limited has agreed to sub-underwriter the Offer for $154,000. The Underwriter will be paid an underwriting fee of 5% of the underwritten amount and $7,000 management fee for the Offer. Consultants and advisors to the issue will, subject to Shareholder approval, be issued 13,000,000 options with exercise price of 1.1 cents and an expiry date of 31 May 2018. www.estrellaresources.com.au AUSTRALIA | CHILE ASX ANNOUNCEMENT Chile’s star in copper-gold Assuming the Offer is fully subscribed, the capital structure of the Company following the Offer is as follows: Shares Existing shares New shares offered under the Prospectus Total shares following the Offer Options Existing options (various classes) Director Options, exercisable for 1.1 cents and expiring 31 May Number 137,291,527 82,374,916 219,666,443 Number 17,151,427 7,000,000 2018 (to be issued subject to Shareholder approval) Consultant/Advisor Options, exercisable for 1.1 cents and 13,000,000 expiring 31 May 2018 (to be issued subject to Shareholder approval) Total options following the Offer 37,151,427 The indicative timetable for the Offer is as below: Event Lodgement of the Prospectus with ASIC and ASX Ex-date Record date to determine entitlement (Record Date) Prospectus with Entitlement and Acceptance Form dispatched Offer opens for receipt of applications Closing date for acceptances (Closing Date) Deferred settlement trading Notify ASX of shortfall Issue of new shares Dispatch of shareholding statements Normal trading of new shares expected to commence Date 29 April 2015 4 May 2015 6 May 2015 8 May 2015 8 May 2015 19 May 2015 20 May 2015 22 May 2015 26 May 2015 26 May 2015 27 May 2015 2 AUSTRALIA | CHILE ASX ANNOUNCEMENT Chile’s star in copper-gold The Directors may extend the Closing Date by giving at least 3 business days’ notice to ASX prior to the closing date, subject to such date being no later than 3 months after the date of the prospectus. As such the date the new shares are expected to commence trading on ASX may vary. Yours Sincerely Heath Roberts Company Secretary About Estrella Resources Estrella Resources Limited is an ASX listed, Chilean focused copper-gold exploration company. Estrella has a number of exploration prospects in Chile. With a highly experienced board, a strong operational and management team and a sole focus on Chilean copper and gold projects, the Company is well positioned to develop its projects and add value for shareholders. Directors and Management ESTRELLA RESOURCES LIMITED ACN 151 155 207 Managing Director Dr Jason Berton ASX CODE: ESR Independent NonExecutive Director: -Julian Bavin Non-Executive Director - Mr Guy Robertson Company Secretary -Heath Roberts 3 AUSTRALIA | CHILE