Vast Resources plc Exercise Of Warrants And Issue Of Equity

 
TIDMVAST 
 
 
   Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 
 
   29 December 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 
number of holders of Open Offer Warrants have elected to exercise a 
total of 163,147 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 22(nd) December 
2017.  Accordingly, the Company has today issued 163,147 new Ordinary 
Shares.  GBP815.75 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 163,147 new 
Ordinary Shares to be admitted to trading on the AIM market with 
admission expected to occur on or around 8 January 2018 ("Admission"). 
The issued new Ordinary Shares will rank pari passu in all respects with 
the existing Ordinary Shares. 
 
   Following Admission of the new Ordinary Shares, the issued ordinary 
share capital of Vast will consist of 5,113,702,315 Ordinary Shares. 
There are no Ordinary Shares held in treasury.  5,113,702,315 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)           [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] 
  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

December 29, 2017 08:00 ET (13:00 GMT)

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