A local Turkish entity signed a sale purchase agreement to acquire 99.93% stake in Göynük Mine in Turkey from Tri-Star Resources plc (AIM:TSTR) for $0.5 million on January 21, 2019. The purchaser will pay $0.5 million cash to Tri-Star in three tranches, the first tranche of $0.2 million was paid on the signing of the SPA on January 21, 2019, the second payment falls due upon share transfer, and the third payment of $0.1 million falls due on the first sale of material from the mine. Robert Wooldridge and Jeff Keating of SP Angel Corporate Finance acted as financial advisors for Tri-Star Resources plc. Christopher Raggett, Scott Morrison and Camille Gochez of FinnCap Ltd acted as broker for Tri-Star Resources plc. A local Turkish entity completed the acquisition of 100% stake in Göynük Mine in Turkey from Tri-Star Resources plc (AIM:TSTR) on March 5, 2019. Tri-Star received the second payment of $0.2 million due under the Sale and Purchase Agreement.