Vast Resources plc Exercise Of Warrants And Issue Of Equity
08 August 2018 - 12:56AM
UK Regulatory
TIDMVAST
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
7 August 2018
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"), three
holders of Open Offer Warrants have elected to exercise in aggregate
1,384,087 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 August 2018. Accordingly, the
Company has today issued 1,384,087 new Ordinary Shares. GBP6,920.45 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 1,384,087 new
Ordinary Shares to be admitted to trading on the AIM market with
admission expected to occur on or around 13 August 2018 ("Admission").
The issued new Ordinary Shares will rank pari passu in all respects with
the existing Ordinary Shares.
Following Admission of the new Ordinary Shares, the issued ordinary
share capital of Vast will consist of 5,377,468,624 Ordinary Shares.
There are no Ordinary Shares held in treasury. 5,377,468,624 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
Andrew Prelea (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.
(END) Dow Jones Newswires
August 07, 2018 10:56 ET (14:56 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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