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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Vast Resources Plc | LSE:VAST | London | Ordinary Share | GB00BQ7WTT20 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.34 | 0.33 | 0.35 | 0.34 | 0.34 | 0.34 | 22,645,527 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Nonmtl Minrl Svcs, Ex Fuels | 3.72M | -10.51M | -0.0024 | -1.42 | 14.78M |
TIDMVAST Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 15 November 2016 Vast Resources plc ("Vast" or the "Company") Exercise of Conversion Rights Vast Resources plc, the AIM-listed mining company with operations in Romania and Zimbabwe, announces that Bracknor Fund Limited ("Bracknor") has given notice to the Company that it elects to convert GBP100,000 of its one year convertible loan notes ("Convertible Loan Notes") of GBP1,608,500 (US$2,000,000) to the Company into 66,666,666 ordinary shares of 0.1 pence each (the "Conversion Shares") at an exercise price of 0.15 pence per share in accordance with the terms of the Convertible Loan, as announced on 11 October 2016. It has been agreed that the US$2,000,000 Convertible Loan Notes issued to Bracknor on 11 October 2016 be denominated in Sterling, with the aggregate initial value being GBP1,608,500. Accordingly, GBP308,500 of Convertible Loan Notes now remain outstanding. Application will be made to the London Stock Exchange plc for 66,666,666 new Ordinary Shares to be admitted to trading on the AIM market with admission expected to occur on or around 21 November 2016 ("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 3,938,258,842 Ordinary Shares. There are no Ordinary Shares held in treasury. 3,938,258,842 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) +40 (0) 372 988 988 - Office Romania +40 (0) 741 111 900 - Mobile Romania +44 (0) 7793 909985 - Mobile UK Strand Hanson Limited - Financial & Nominated Adviser www.strandhanson.co.uk James Spinney +44 (0) 20 7409 3494 James Bellman Brandon Hill Capital Ltd - Joint Broker www.brandonhillcapital.com Jonathan Evans +44 (0)20 3463 5016 Peterhouse Corporate Finance Ltd - Joint Broker www.pcorpfin.com Duncan Vasey +44 (0) 20 7469 0936 St Brides Partners Ltd www.stbridespartners.co.uk Susie Geliher +44 (0) 20 7236 1177 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"). 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
November 15, 2016 11:30 ET (16:30 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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