Vast Resources plc Director Share Purchase

 
TIDMVAST 
 
   Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 
 
   4 March 2019 
 
   Vast Resources plc 
 
   ("Vast" or the "Company") 
 
   Director Share Purchase 
 
   Vast Resources plc, the AIM listed mining company with operating mines 
in Romania and Zimbabwe, announces that today it was notified that on 4 
March 2019, Mr. Brian Moritz, Chairman of the Company, purchased 
10,000,000 ordinary shares of 0.1 pence each in the share capital of the 
Company ("Ordinary Shares") at a price of 0.17 pence per Ordinary Share. 
 
   Following this purchase, Mr. Moritz's total beneficial ownership in the 
Company is 10,000,000 Ordinary Shares, which represents approximately 
0.13% of the Company's issued share capital. 
 
   Market Abuse Regulation (MAR) Disclosure 
 
   Certain information contained in this announcement would have been 
deemed inside information for the purposes of Article 7 of Regulation 
(EU) No 596/2014 until the release of this announcement. 
 
   The notifications below, made in accordance with the requirements of the 
EU Market Abuse Regulation, provide further detail on the directors' 
dealing in the Ordinary Shares. 
 
   **ENDS** 
 
   For further information, visit www.vastresourcesplc.com or please 
contact: 
 
 
 
 
Vast Resources plc                                www.vastresourcesplc.com 
 Andrew Prelea (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] 
  Juliet Earl 
  Catherine Leftley 
 
   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 and Zimbabwe. 
 
   Vast Resources currently owns and operates the Manaila Polymetallic Mine 
in Romania, which was commissioned in 2015, and is focussed on its 
expansion through the development of a second open pit operation and new 
metallurgical complex at the Carlibaba Extension Area.  The Company's 
Romanian portfolio also includes interests in two brownfield development 
projects; the Baita Plai Polymetallic Mine (80% interest), which has a 
reported 1,800,000-tonne 
copper-silver-zinc-lead-gold-tungsten-molybdenum ore body at 6% copper 
equivalent (Russian Reserves and Resources Reporting System) within the 
mining licence area; and the Blueberry Project (29.41% interest), a 
7.285km(2) brownfield area of prospectivity in the Golden Quadrilateral 
of Romania located in the immediate vicinity of the now closed Baia de 
Aries mine. 
 
   The Company also has interests in a number of projects in Zimbabwe 
including a controlling 25 per cent. interest in the producing 
Pickstone-Peerless Gold Mine, a 23.75% economic interest in the Eureka 
Gold Mine, and an 86.67% interest in a SPV which has a due diligence 
access agreement and pre-agreed joint venture terms on a diamond 
concession within the Marange Diamond Fields, widely considered to be 
one of the richest sources of alluvial diamonds globally. 
 
   1. 
 
   Details of the person discharging managerial responsibilities/person 
closely associated 
 
   a) 
 
   Name: 
 
   Brian Moritz 
 
   2. 
 
   Reason for the notification 
 
   a) 
 
   Position/status: 
 
   Chairman 
 
   b) 
 
   Initial notification/Amendment: 
 
   Initial notification 
 
   3. 
 
   Details of the issuer, emission allowance market participant, auction 
platform, auctioneer or auction monitor 
 
   a) 
 
   Name: 
 
   Vast Resources Plc 
 
   b) 
 
   LEI: 
 
   213800WAVVOPS85N2205 
 
   4. 
 
   Details of the transaction(s): section to be repeated for (i) each type 
of instrument; (ii) each type of transaction; (iii) each date; and (iv) 
each place where transactions have been conducted 
 
   a) 
 
   Description of the financial instrument, type of instrument: 
 
   Identification code: 
 
   Ordinary shares of GBP0.1 each 
 
   b) 
 
   Nature of the transaction: 
 
   Purchase of ordinary shares 
 
   c) 
 
   Price(s) and volume(s): 
 
 
 
 
Price(s)      Volume(s) 
------------  ---------- 
 GBP  0.0017  10,000,000 
----  ------  ---------- 
 
 
   d) 
 
   Aggregated information: 
 
   Aggregated volume: 
 
   Price: 
 
 
 
 
Price(s)      Volume(s) 
------------  ---------- 
 GBP  0.0017  10,000,000 
----  ------  ---------- 
 
 
   e) 
 
   Date of the transaction: 
 
   04-03-2019 
 
   f) 
 
   Place of the transaction: 
 
   AIM, London Stock Exchange 
 
 
 
 

(END) Dow Jones Newswires

March 04, 2019 08:00 ET (13:00 GMT)

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