Vast Resources plc Exercise Of Warrants And Issue Of Equity

 
TIDMVAST 
 
   Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 
 
   21 February 2017 
 
   Vast Resources plc 
 
   ("Vast" or the "Company") 
 
   Exercise of Warrants and Issue of Equity 
 
   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 12,500,000 of 
its warrants ("Warrants") into 12,500,000 ordinary shares of 0.1pence 
each (the "Warrant Shares") at an exercise price of 0.4 pence per share 
in accordance with the terms of the Subscription Agreement as announced 
on 11 October 2016.  Notice of exercise of the Warrants was received by 
Vast on 20 February 2017. 
 
   A subscription price of GBP50,000 is due to be paid to the Company by 
Bracknor pursuant to the exercise of Warrants. 
 
   As announced on 22 November 2016, no Fee Loan Notes or any other loan 
obligations remain outstanding to Bracknor.  Following this exercise of 
Warrants, 37,500,000 Warrants remain outstanding to Bracknor. 
 
   Application will be made to the London Stock Exchange plc for 12,500,000 
new Ordinary Shares to be admitted to trading on the AIM market with 
admission expected to occur on or around 28 February 2017 ("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 4,548,185,288 Ordinary Shares.  There are no Ordinary Shares 
held in treasury.  4,548,185,288 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)            [phone] - Office Romania 
                                                    [phone] - Mobile Romania 
                                                    [phone] - Mobile UK 
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] 
Peterhouse Corporate Finance Ltd - Joint Broker   www.pcorpfin.com 
 Duncan Vasey                                      [phone] 
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"). 
 
   **ENDS** 
 
   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

February 21, 2017 08:15 ET (13:15 GMT)

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