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VAST Vast Resources Plc

0.34
0.00 (0.00%)
Last Updated: 08:00:00
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 2,277,270 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 Issue Of Equity & Total Voting Rights

05/12/2018 3:20pm

UK Regulatory


 
TIDMVAST 
 
 
   Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 
 
   5 December 2018 
 
   Vast Resources plc 
 
   ("Vast" or the "Company") 
 
   Exercise of Warrants, Issue of Equity and Total Voting Rights 
 
   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 153,810 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 5 December 2018.  Accordingly, the Company has today 
issued 153,810 new Ordinary Shares.  GBP769.05 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 153,810 new 
Ordinary Shares to be admitted to trading on the AIM market with 
admission expected to occur on or around 11 December 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 5,791,169,557 Ordinary Shares. 
There are no Ordinary Shares held in treasury.  5,791,169,557 is 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 
 Andrew Prelea (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 
SVS Securities Plc -- Joint Broker                www.svssecurities.com 
 Tom Curran                                        +44 (0) 20 3700 0100 
 Ben Tadd 
 
  St Brides Partners Ltd                            www.stbridespartners.co.uk 
  Susie Geliher                                     +44 (0) 20 7236 1177 
  Juliet Earl 
 
 
   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 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. 
 
 
 
 

(END) Dow Jones Newswires

December 05, 2018 10:20 ET (15:20 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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