REG-Subscription of 2,285,000 Ordinary Shares <Origin Href="QuoteRef">VAST.L</Origin>

Vast ResourcesAnnouncement

07/08/2015 07:00

Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
7 August 2015
Vast Resources plc
("Vast" or "the Company")
Subscription of 2,285,000 Ordinary Shares
at a price of 1.2 pence per share
Vast Resources plc, the AIM listed resource and development company, is pleased to announce that it has raised gross proceeds of 27,420 (approximately $42,500) via a subscription for 2,285,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") (the "Subscription") at a price of 1.2 pence per Ordinary Share (the "Subscription Shares"). 
The subscriber for the Subscription Shares had intended to participate in the Company's previous subscription announced on 27 July 2015, but was not able to do so for administrative reasons. The additional funds received from the Subscription will be applied to furthering the Company's opportunities in Romania and general corporate purposes.
Admission and Dealings
The issue of the Subscription Shares is, inter alia, conditional on their Admission to trading on AIM ("Admission"). It is expected that Admission will become effective and dealing in the Subscription Shares will commence on 12 August 2015. The Subscription Shares will rank pari passu with existing Ordinary Shares.
Following Admission of the Subscription Shares and admission of the Ordinary Shares to be issued pursuant to the placing and subscription announced on 27 July 2015, which are expected to take place on 12 August 2015 and 10 August 2015 respectively, the total issued share capital of the Company will be 1,466,348,989 Ordinary Shares. 
The above figure of 1,466,348,989 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 Rule.
*** ENDS ***
For further information visit www.vastresourcesplc.com or please contact:
Vast Resources plc
Roy Tucker (Finance Director)

 

 +44 (0) 1622 816918
+44 (0) 7920 189012 
 Roy Pitchford (Chief Executive Officer) 
 +263 (0) 7721 69833
+40 (0) 7411 11900 
+44 (0) 7793 909985 


Strand Hanson Limited - Financial & Nominated Adviser
James Spinney
Ritchie Balmer
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
Hugo de Salis 


www.stbridespartners.co.uk
+44 (0) 20 7236 1177 


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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
HUG#1944212