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

Vast ResourcesAnnouncement

27/10/2017 16:16

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Vast Resources plc

("Vast" or the "Company")

27 October 2017

Exercise of Warrants and Issue of Equity

Vast Resources plc, the AIM-listed mining company with operating mines in
Romania and Zimbabwe, announces, in line with its regulatory obligations, 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 1,061,060 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 25 October 2017. 
Accordingly, the Company has today issued 1,061,060 new Ordinary Shares. 
£5,305.30 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 1,061,060 new
Ordinary Shares to be admitted to trading on the AIM market with admission
expected to occur on or around 2 November 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
4,684,752,378 Ordinary Shares.  There are no Ordinary Shares held in
treasury.  4,684,752,378 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. interestin 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