Vast Resources plc Notice To Shareholders

 
TIDMVAST 
 
 
   Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 
 
   9 November 2020 
 
   Vast Resources plc 
 
   ('Vast' or the 'Company') 
 
   Notice to Shareholders 
 
   Vast Resources plc, the AIM listed mining company, is pleased to 
announce a further update to shareholders following the notice of the 
General Meeting of the Company announced on 6 November 2020. 
 
   Further to this announcement regarding the proposed acquisition of the 
minority interests in its Romanian projects from AP Mining Group Limited 
("the Transaction"), the Company announces that Andrew Prelea & Roy 
Tucker, being directors of the Company, have  agreed with the Company to 
a lock up period of 12 months in relation to their individual share 
issuances of 1,500,001,930 & 225,005,790.which would follow shareholder 
approval of the Resolution at the General Meeting of the Company set 
down for 23 November 2020. 
 
   **ENDS** 
 
   For further information, visit 
https://www.globenewswire.com/Tracker?data=KNUWgbQijabyo57hK8jKfsMVuhAS3XLNEuDgF9mLHObGfbXHs_ALFUxXcHHPZ1U1uj_m6eYpGAYkKnzrmmD2Ng== 
www.vastplc.com, follow the Company on Twitter @vast_resources and 
LinkedIn, or please contact: 
 
 
 
 
Vast Resources plc                                www.vastplc.com 
 Andrew Prelea - CEO                               [phone] 
 Andrew Hall 
Beaumont Cornish - Financial & Nominated Adviser  www.beaumontcornish.com 
 Roland Cornish                                    [phone] 
 James Biddle 
SP Angel Corporate Finance LLP -- Joint Broker    www.spangel.co.uk 
 Richard Morrison                                  [phone] 
 Caroline Rowe 
Axis Capital Markets Limited -- Joint Broker      www.axcap247.com 
 Richard Hutchison                                 [phone] 
St Brides Partners Limted                         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"). 
 
   ABOUT VAST RESOURCES PLC 
 
   Vast Resources plc, is a United Kingdom AIM listed mining company with 
mines and projects in Romania and Zimbabwe. 
 
   In Romania, the Company is focused on the rapid advancement of high 
quality projects by recommencing production at previously producing 
mines. 
 
   The Company's Romanian portfolio includes an 80% interest in the 
producing Baita Plai Polymetallic Mine, located in the Apuseni Mountains, 
Transylvania, an area which hosts Romania's largest polymetallic mines. 
The mine has a JORC compliant Reserve & Resource Report which underpins 
the initial mine production life of approximately 3-4 years with an 
in-situ total mineral resource of 15,695 tonnes copper equivalent with a 
further 1.8M--3M tonnes exploration target. 
 
   The Company also owns the Manaila Polymetallic Mine in Romania, which 
was commissioned in 2015, currently on care and maintenance. The Company 
has been granted the Manaila Carlibaba Extended Exploitation License 
that will allow the Company to re-examine the exploitation of the 
mineral resources within the larger Manaila Carlibaba licence area. 
 
   In Zimbabwe, the Company is focused on the commencement of the joint 
venture mining agreement on the Chiadzwa Community Concession Block of 
the Chiadzwa Diamond Fields in Zimbabwe. 
 
 
 
 

(END) Dow Jones Newswires

November 09, 2020 02:00 ET (07:00 GMT)

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