Vast Resources plc Board Changes
18 December 2017 - 6:00PM
UK Regulatory
TIDMVAST
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
18 December 2017
Vast Resources plc
("Vast" or the "Company")
Board Changes
Vast Resources plc, the AIM-listed mining company with operating mines
in Romania and Zimbabwe, announces that Mr Roy Pitchford has resigned
from his position as Chief Executive Officer and Director, effective
from 31 December 2017. Mr Andrew Prelea, the President of Vast's
Romanian subsidiary, is assuming the role of Chief Executive Officer and
it is anticipated that he will join the Board in due course.
Brian Moritz, Chairman of Vast, commented: "Roy has had an invaluable
contribution to our Company - stewarding Vast from an exploration and
development company back in 2014, to a production company with two
operating mines and third due to come on stream in the very near future.
To say that Roy has fundamentally changed this business is an
understatement - and for this, I am hugely grateful.
"When Roy joined the Board three years ago, Vast was almost exclusively
focussed on Zimbabwe, his country of birth and a place that he continues
to feel very passionately about. Over subsequent years our focus has
increasingly turned to Romania and it is this change that has prompted
Roy to step down as CEO, to be replaced by Andrew. I am confident that
Andrew is well positioned to execute our strategic objectives in Romania,
whilst maintaining and expanding our interests in Zimbabwe.
"I would like to take this opportunity to thank Roy again for his
considerable input into the growth of Vast and I wish him well in all of
his future endeavours."
**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
December 18, 2017 02:00 ET (07:00 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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