Vast Resources plc Exercise Of Warrants And Issue Of Equity
28 October 2017 - 2:13AM
UK Regulatory
TIDMVAST
Vast Resources plc
("Vast" or the "Company")
27 October 2017
Exercise of Warrants and Issue of Equity
Vast Resources plc, the AIM-listed mining company with operating mines
in Romania and Zimbabwe, announces, in line with its regulatory
obligations, 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 1,061,060 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 25 October 2017. Accordingly, the
Company has today issued 1,061,060 new Ordinary Shares. GBP5,305.30 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 1,061,060 new
Ordinary Shares to be admitted to trading on the AIM market with
admission expected to occur on or around 2 November 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 4,684,752,378 Ordinary Shares. There are no Ordinary Shares
held in treasury. 4,684,752,378 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. interestin 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
October 27, 2017 11:13 ET (15:13 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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