Vast Resources plc Result Of General Meeting, Capital Reorganisation Total Voting Rights

 
TIDMVAST 
 
 
   Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 
 
   5 May 2021 
 
   Vast Resources plc 
 
   ("Vast" or the "Company") 
 
   Result of General Meeting 
 
   Capital Reorganisation 
 
   Total Voting Rights 
 
   Vast Resources plc, the AIM-listed mining company, announces that at the 
Company's General Meeting held earlier today, the proposed resolution to 
effect the capital reorganisation (the 'Resolution') was duly passed on 
a poll vote with 93.50% of the votes cast being in favour. 
 
   Application has been made for the 213,004,895 new ordinary shares ('New 
Ordinary Shares') to be admitted to trading on AIM ('Admission'). It is 
expected that Admission will become effective and dealing will commence 
in respect of the New Ordinary Shares on 6 May 2021. The ISIN Code for 
the New Ordinary Shares will be GB00BMD68046. 
 
   Total Voting Rights 
 
   As result of the passing of the Resolution, and as announced on 20 April 
2021, the number of ordinary shares in issue has been reduced by a 
factor of 100 and as from Admission will stand at 213,004,895 ordinary 
shares of 0.1p each. This figure may then be used by shareholders as the 
denominator for the calculations by which they will determine if they 
are required to notify their interest in Vast under the FCA's Disclosure 
and Transparency Rules 
 
   Market Abuse Regulation (MAR) Disclosure 
 
   Certain 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 as it forms part of UK Domestic Law 
by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR") until 
the release of this announcement. 
 
   **ENDS** 
 
   For further information, visit www.vastplc.com or please contact: 
 
 
 
 
Vast Resources plc                                www.vastplc.com 
 Andrew Prelea (CEO)                               [phone] 
 Andrew Hall (CCO) 
Beaumont Cornish - Financial & Nominated Adviser  www.beaumontcornish.com 
 Roland Cornish                                    [phone] 
 James Biddle 
Axis Capital Markets Limited -- Broker            www.axcap247.com 
 Richard Hutchison                                 [phone] 
St Brides Partners Limited                        www.stbridespartners.co.uk 
 Susie Geliher                                     [phone] 
 
 
   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 100% 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 is now working on 
confirming an enlarged exploration target of up to 5.8M tonnes. 
 
   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 Community Diamond Concession, Chiadzwa, 
in the Marange Diamond Fields. 
 
 
 
 

(END) Dow Jones Newswires

May 05, 2021 08:00 ET (12:00 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.