ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

VAST Vast Resources Plc

0.34
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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

Vast Resources plc Exercise Of Warrants And Issue Of Equity

03/11/2017 4:10pm

UK Regulatory


 
TIDMVAST 
 
 
   Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 
 
   3 November 2017 
 
   Vast Resources plc 
 
   ("Vast" or the "Company") 
 
   Exercise of Warrants and Issue of Equity 
 
   In line with its regulatory obligations, 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"), a 
holder of Open Offer Warrants has elected to exercise 36,794 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 on 2 November 2017.  Accordingly, the Company has today 
issued 36,794 new Ordinary Shares.  GBP183.97 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 for 36,794 new 
Ordinary Shares to be admitted to trading on the AIM market with 
admission expected to occur on or around 9 November 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 4,685,237,513 Ordinary Shares.  There are no Ordinary Shares 
held in treasury.  4,685,237,513 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                                www.vastresourcesplc.com 
 Roy Pitchford (Chief Executive Officer)           +44 (0) 20 7236 1177 
Beaumont Cornish - Financial & Nominated Adviser  www.beaumontcornish.com 
 Roland Cornish                                    +44 (0) 020 7628 3396 
 James Biddle 
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"). 
 
   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

November 03, 2017 12:10 ET (16:10 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

1 Year Vast Resources Chart

1 Year Vast Resources Chart

1 Month Vast Resources Chart

1 Month Vast Resources Chart

Your Recent History

Delayed Upgrade Clock