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

Vast ResourcesAnnouncement

06/04/2016 07:05

Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 
 
 6 April 2016 
 Vast Resources plc 
 ("Vast" or the "Company") 
 
 Issue of Equity 
 
 Vast Resources plc, the AIM listed mining company with operations in Romania
and Zimbabwe, announces that, pursuant to the agreement entered into with a
number of existing shareholders (the "Investors") announced on 7 March 2016
(the "Financing"), it has received a subscription of £133,333 for the issue
today of 55,555,550 new ordinary shares in the Company of 0.1 pence each
("Ordinary Shares") at an issue price of 0.24 pence per Ordinary Share and
55,555,550 warrants (the "Investor Warrants") both conditional only on
admission to trading on AIM ("Admission").  
 
 The issue of Ordinary Shares and Investor Warrants represents the second
tranche of the Financing and the issue price of the new Ordinary Shares is the
closing bid price of the Ordinary Shares on 1 April 2016 in accordance with
the provisions of the Financing.  The terms of the Investor Warrants are as
explained in the announcement of 7 March 2016. 
 
 Application has today been made to the London Stock Exchange plc for the
55,555,550 New Ordinary Shares to be admitted to trading on the AIM market
with admission expected to occur on 12 April 2016.  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 2,255,464,146 Ordinary Shares. There are no Ordinary Shares held in
treasury, therefore the total number of voting rights in the Company,
following the issue of the 55,555,550 New Ordinary Shares is 2,255,464,146. 
 
 ** 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     
  Roy Tucker (Finance Director)                                                              +44 (0) 1622 816918   +44 (0) 7920 189012                                                                          
    Strand Hanson Limited - Financial & Nominated Adviser  James Spinney  James Bellman       www.strandhanson.co.uk                                                                                         
                                                                                               +44 (0) 20 7409 3494                                                                                               
    Daniel Stewart and Company plc - Joint Broker  Martin Lampshire David Coffman              www.danielstewart.co.uk                                                                                        
                                                                                               +44 (0) 20 7776 6550                                                                                               
    Dowgate Capital Stockbrokers Ltd - Joint Broker Jason Robertson Neil Badger                www.dowgatecapitalstockbrokers.co.uk  +44 (0)1293 517744                                                        
    St Brides Partners Ltd Charlotte Heap Susie Geliher                                        www.stbridespartners.co.uk                                                                                       
                                                                                               +44 (0) 20 7236 1177