REG-Exercise of Warrants and Issue of Equity <Origin Href="QuoteRef">VAST.L</Origin>

Vast ResourcesAnnouncement

23/09/2016 14:05

  
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
  
23 September 2016
Vast Resources plc
("Vast" or the "Company")
    
Exercise of Warrants and Issue of Equity
  
Vast Resources plc, the AIM-listed mining company with operations in Romania and Zimbabwe, announces that, pursuant to the issue of warrants to subscribers to the open offer completed on 1 August 2016 (the "Open Offer Warrants"), certain holders of Open Offer Warrants have elected to exercise 120,691 Open Offer Warrants. 
  
Each Open Offer Warrant entitles the holder to one ordinary share of 0.1p each in the Company ("Ordinary Shares") at a price of 0.5pence per Ordinary Share. Accordingly, the Company has today issued 120,691 new Ordinary Shares.
  
603.46 has been received by the Company as a result of the exercise of the Open Offer Warrants.
  
Application will be made to the London Stock Exchange plc for 120,691 new Ordinary Shares to be admitted to trading on the AIM market, with admission expected to occur on or around 29 September 2016 ("Admission"). 
  
The new Ordinary Shares rank pari passu in all respects with the existing Ordinary Shares. There are no Ordinary Shares held in treasury. 3,199,339,259 represents the total number of voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure and Transparency Rules. 
  
**ENDS**
   
For further information, visit www.vastresourcesplc.com or please contact:
                         
 Vast Resources plc
Roy Pitchford (Chief Executive Officer) 
 

 +40 (0) 372 988 988 - Office Romania
+40 (0) 741 111 900 - Mobile Romania
+44 (0) 7793 909985 - Mobile UK   
 Strand Hanson Limited - Financial & Nominated Adviser
James Spinney
James Bellman

  
 www.strandhanson.co.uk
+44 (0) 20 7409 3494 
 Brandon Hill Capital Ltd - Joint Broker
Jonathan Evans

   
 www.brandonhillcapital.com
+44 (0)20 3463 5016  
 Peterhouse Corporate Finance Ltd - Joint Broker
Duncan Vasey 
 www.pcorpfin.com
+44 (0) 20 7469 0936

   
 St Brides Partners Ltd
Susie Geliher
Charlotte Page 
 www.stbridespartners.co.uk
+44 (0) 20 7236 1177 
   
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). 
   


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Vast Resources plc via Globenewswire