Vast Resources plc Appointment Of Chief Financial Officer
26 September 2016 - 9:15PM
UK Regulatory
TIDMVAST
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
26 September 2016
Vast Resources plc
("Vast" or the "Company")
Appointment of Chief Financial Officer
Vast Resources plc, the AIM-listed mining company with operations in
Romania and Zimbabwe, is pleased to announce the appointment of Carl
Kindinger as Chief Financial Officer (non-board). With proven
experience working with AIM quoted companies in the natural resources
sector, Mr Kindinger brings a wealth of experience to support Vast in
the development of its mining operations in Romania and Zimbabwe.
Mr Kindinger has held senior financial, managerial and board level posts
for over 25 years in small to mid-sized companies internationally,
including AIM quoted resources entities Island Oil and Gas Plc and
Fastnet Oil and Gas Plc. He has significant transactional experience,
including fund raisings, corporate restructuring, financial controls and
planning, economic analysis, IFRS reporting, and strategic planning. He
is an associate member of the UK's Institute of Chartered Management
Accountants and also holds a degree in Economics and an M.B.A.
Roy Pitchford, Chief Executive of Vast, commented:
"We are delighted to welcome Carl to the Company. Having worked in the
resource space for over 25 years and with proven experience in realising
value within AIM stocks, we are confident that Carl brings with him the
requisite skill set to support Vast and our active growth plans as we
look to increase production and ultimately profitability at our two
operational mines. Our Pickstone-Peerless gold mine in Zimbabwe is now
producing at a steady state, consistently processing 20,000 tonnes per
month, and work to improve operational efficiencies at our Manaila
Polymetallic Mine in Romania is showing excellent results. We are now
producing a quality copper concentrate and work is underway to
commission a second float line to produce a separate zinc concentrate,
which will in turn create a new revenue stream. With production ramping
up and further exciting developments in the pipeline, including the
planned publication of a JORC Compliant Resource Estimate at Manaila, we
look forward to working with Carl to deliver on these milestone
objectives."
**ENDS**
For further information, visit www.vastresourcesplc.com or please
contact:
Vast Resources plc
Roy Pitchford (Chief Executive Officer) +40 (0) 372 988 988 - Office Romania
+40 (0) 741 111 900 - Mobile Romania
+44 (0) 7793 909985 - Mobile UK
Strand Hanson Limited - Financial & Nominated Adviser www.strandhanson.co.uk
James Spinney +44 (0) 20 7409 3494
James Bellman
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 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
September 26, 2016 07:15 ET (11:15 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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