Vast Resources plc Exercise Of Warrants And Issue Of Equity
November 21 2017 - 11:30AM
UK Regulatory
TIDMVAST
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
21 November 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
holder of Open Offer Warrants has elected to exercise 1,000,000 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. Accordingly, the Company has
today issued 1,000,000 new Ordinary Shares. GBP5,000 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 1,000,000 new
Ordinary Shares to be admitted to trading on the AIM market with
admission expected to occur on or around 27 November 2017 ("Admission").
The issued new Ordinary Shares will rank pari passu in all respects with
the existing Ordinary Shares.
Following Admission of both the new Ordinary Shares and of the Placing
Shares announced earlier today, the issued ordinary share capital of
Vast will consist of 4,876,713,703 Ordinary Shares. There are no
Ordinary Shares held in treasury. 4,876,713,703 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) +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
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
November 21, 2017 11:30 ET (16:30 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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