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Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
1 June 2017
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 application has been made for 20,000,000 new
ordinary shares of 0.1p each to be admitted to trading on AIM pursuant to the
exercise of warrants by a former adviser to the Company (the "Warrant
Exercise"). The warrants have an exercise price per share of 0.285 pence and
£57,000 is due to the Company.
The 20,000,000 new ordinary shares issued pursuant to the Warrant Exercise
will rank pari passu with the Company's existing ordinary shares and
admission to trading on AIM is expected to occur on 8 June
2017 ("Admission").
Following Admission, the total number of voting rights in the Company will be
4,683,410,575, with each ordinary share carrying the right to one vote.
The above figure of 4,683,410,575 may be used by shareholders as the
denominator for the calculations by which they will determine if they are
required to notify their interest in VAST under the FCA's Disclosure and
Transparency Rules.
**ENDS**
For further information, visit www.vastresourcesplc.com or please contact:
Vast Resources plc Roy Pitchford (Chief Executive Officer) www.vastresourcesplc.com +44 (0) 20 7236 1177
Beaumont Cornish - Financial & Nominated Adviser Roland Cornish James Biddle www.beaumontcornish.com
+44 (0) 020 7628 3396
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