Vast Resources plc Board Changes

 
TIDMVAST 
 
 
   Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 
 
   18 December 2017 
 
   Vast Resources plc 
 
   ("Vast" or the "Company") 
 
   Board Changes 
 
   Vast Resources plc, the AIM-listed mining company with operating mines 
in Romania and Zimbabwe, announces that Mr Roy Pitchford has resigned 
from his position as Chief Executive Officer and Director, effective 
from 31 December 2017.  Mr Andrew Prelea, the President of Vast's 
Romanian subsidiary, is assuming the role of Chief Executive Officer and 
it is anticipated that he will join the Board in due course. 
 
   Brian Moritz, Chairman of Vast, commented: "Roy has had an invaluable 
contribution to our Company - stewarding Vast from an exploration and 
development company back in 2014, to a production company with two 
operating mines and third due to come on stream in the very near future. 
To say that Roy has fundamentally changed this business is an 
understatement - and for this, I am hugely grateful. 
 
   "When Roy joined the Board three years ago, Vast was almost exclusively 
focussed on Zimbabwe, his country of birth and a place that he continues 
to feel very passionately about.  Over subsequent years our focus has 
increasingly turned to Romania and it is  this change that has prompted 
Roy to step down as CEO, to be replaced by Andrew.  I am confident that 
Andrew is well positioned to execute our strategic objectives in Romania, 
whilst maintaining and expanding our interests in Zimbabwe. 
 
   "I would like to take this opportunity to thank Roy again for his 
considerable input into the growth of Vast and I wish him well in all of 
his future endeavours." 
 
   **ENDS** 
 
   For further information, visit www.vastresourcesplc.com or please 
contact: 
 
 
 
 
Vast Resources plc                                www.vastresourcesplc.com 
 Roy Pitchford (Chief Executive Officer)           [phone] 
Beaumont Cornish - Financial & Nominated Adviser  www.beaumontcornish.com 
 Roland Cornish                                    [phone] 
 James Biddle 
Brandon Hill Capital Ltd - Joint Broker           www.brandonhillcapital.com 
 Jonathan Evans                                    [phone] 
SVS Securities Plc - Joint Broker                 www.svssecurities.com 
 Tom Curran                                        [phone] 
 Ben Tadd 
 
  St Brides Partners Ltd                            www.stbridespartners.co.uk 
  Susie Geliher                                     [phone] 
  Charlotte Page 
 
 
   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 
 
 
  http://www.acrplc.com/ 
 

(END) Dow Jones Newswires

December 18, 2017 02:00 ET (07:00 GMT)

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