Vast Resources plc Exercise Of Warrants And Issue Of Equity

 
TIDMVAST 
 
   Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 
 
   28 March 2017 
 
   Vast Resources plc 
 
   ("Vast" or the "Company") 
 
   Exercise of Warrants and Issue of Equity 
 
   VAST Resources plc, the AIM-listed mining company with operating mines 
in Romania and Zimbabwe, announces that, pursuant to the issue of 
warrants to subscribers to the open offer completed on 1 August 2016 
(the "Open Offer Warrants"), certain holders of Open Offer Warrants have 
elected to exercise 87,593 Open Offer Warrants.  Each Open Offer Warrant 
entitles the holder to one ordinary share of 0.1 pence each in the 
Company ("Ordinary Shares") at a price of 0.5 pence per Ordinary Share. 
Notice of exercise of the Warrants was received by Vast today. 
Accordingly the Company has today issued 87,593 new Ordinary Shares. 
GBP437.97 has been received by the Company as a result of the exercise 
of the Open Offer Warrants. 
 
   Application will be made to the London Stock Exchange plc for 87,593 new 
Ordinary Shares to be admitted to trading on the AIM market with 
admission expected to occur on or around 4 April 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 4,663,404,459 Ordinary Shares.  There are no Ordinary Shares 
held in treasury.  4,663,404,459 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] 
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"). 
 
   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

March 28, 2017 08:30 ET (12:30 GMT)

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