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

Vast ResourcesAnnouncement

13/12/2017 13:45

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Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining

13 December 2017
Vast Resources plc
("Vast" or the "Company")

Exercise of Warrants and Issue of Equity

In line with its regulatory obligations, 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 123,553 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 8(th) December 2017. 
Accordingly, the Company has today issued 123,553 new Ordinary Shares. 
£617.77 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 123,553 new Ordinary
Shares to be admitted to trading on the AIM market with admission expected to
occur on or around 19 December 2017 ("Admission").  The issued new Ordinary
Shares will rank pari passu in all respects with the existing Ordinary Shares.

Following Admission of the new Ordinary Shares, the issued ordinary share
capital of Vast will consist of 5,112,288,212 Ordinary Shares.  There are no
Ordinary Shares held in treasury.  5,112,288,212 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  
 SVS Securities Plc - Joint Broker Tom Curran Ben Tadd                         www.svssecurities.com +44 (0) 20 3700 0100       
 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