Vast Resources PLC Exercise of Warrants and Issue of Equity (1191T)
10 October 2017 - 3:03AM
UK Regulatory
TIDMVAST
RNS Number : 1191T
Vast Resources PLC
09 October 2017
Vast Resources plc / Ticker: VAST / Index: AIM / Sector:
Mining
9(th) October 2017
Vast Resources plc
("Vast" or the "Company")
Exercise of Warrants and Issue of Equity
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 2,228 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. Notice of exercise of the Warrants was
received by Vast on 6(th) October 2017. Accordingly, the Company
has today issued 2,228 new Ordinary Shares. GBP11.14 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 2,228
new Ordinary Shares to be admitted to trading on the AIM market
with admission expected to occur on or around 13(th) October 2017
("Admission"). The issued new Ordinary Shares will rank pari passu
in all respects with the existing Ordinary Shares.
Following Admission, the issued ordinary share capital of Vast
will consist of 4,683,689,206 Ordinary Shares. There are no
Ordinary Shares held in treasury. 4,683,689,206 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
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").
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 information is provided by RNS
The company news service from the London Stock Exchange
END
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