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Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
17 October 2017
Vast Resources plc
("Vast" or the "Company")
Exercise of Warrants and Issue of Equity
Vast Resources plc, the AIM-listed mining company with operating mines 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"), a holder of Open Offer Warrants has elected to exercise 2,112 Open
Offer Warrants. Each Open Offer Warrant entitles the holder to one ordinary
share of 0.1 pence each in the Company ("Ordinary Shares") at a price of 0.5
pence per Ordinary Share. Notice of exercise of the Warrants was received by
Vast on 13(th) October 2017. Accordingly, the Company yesterday issued 2,112
new Ordinary Shares. £10.56 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 for 2,112 new Ordinary
Shares to be admitted to trading on the AIM market with admission expected to
occur on or around 20 October 2017 ("Admission"). The issued new Ordinary
Shares will rank pari passu in all respects with the existing Ordinary Shares.
Following Admission, the issued ordinary share capital of Vast will consist of
4,683,691,318 Ordinary Shares. There are no Ordinary Shares held in
treasury. 4,683,691,318 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) 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").
Notes
Vast Resources plc is an AIM listed mining and resource development company
focussed on the rapid advancement of high quality brownfield projects and
recommencing production at previously producing mines in Romania.
Vast Resources currently own and operates the Manaila Polymetallic Mine in
Romania, which was commissioned in 2015. The Company's portfolio also
includes the Baita Plai Polymetallic Mine in Romania, where work is currently
underway towards obtaining the relevant permissions to start developing and
ultimately commissioning the mine.
The Company also has interests in a number of projects in Southern Africa
including a 25 per cent. interest in the producing Pickstone-Peerless Gold
Mine in Zimbabwe.
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