Vast Resources PLC Matching terms for US$10 million investment (3462O)
August 18 2017 - 2:00AM
UK Regulatory
TIDMVAST
RNS Number : 3462O
Vast Resources PLC
18 August 2017
Vast Resources plc / Ticker: VAST / Index: AIM / Sector:
Mining
18 August 2017
Vast Resources plc
("Vast" or "the Company")
Conditional Heads of Terms for US$10 million Investment:
Matching terms
Vast Resources plc, the AIM-listed mining company with
operations in Romania and Zimbabwe, announces that following the
announcement on 24 July 2017 in which the Company revealed that
Conditional Heads of Terms had been signed with a corporate finance
and investment firm with significant experience in and investment
in Romania (the 'Investor') relating to a proposed investment of up
to US$10 million, Sub-Sahara Goldia Investments ('Sub-Sahara') has
exercised its right to provide equivalent finance to the proposed
investment on the same terms and conditions in place of the finance
from the Investor.
Sub-Sahara has also stated that it wishes to work with the
Investor, using the Investor's expertise in Romania, to develop the
Romanian assets. Sub-Sahara has invited the Investor to meet in
order to decide on a mutually beneficial way forward. This meeting
is expected to take place shortly.
**ENDS**
For further information, visit www.vastresourcesplc.com or
please contact:
Vast Resources plc www.vastresourcesplc.com
Roy Pitchford (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
Peterhouse Corporate Finance Ltd - Joint Broker www.pcorpfin.com
Duncan Vasey +44 (0) 20 7469 0936
St Brides Partners Ltd www.stbridespartners.co.uk
Susie Geliher +44 (0) 20 7236 1177
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").
This information is provided by RNS
The company news service from the London Stock Exchange
END
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