VAST Vast Resources Plc

 
TIDMVAST 
 
 
   Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 
 
   31 March 2020 
 
   Vast Resources plc 
 
   ("Vast" or the "Company") 
 
   Election to pay in shares 29 March 2020 interest of $29,591.45 due 
 
   to Atlas Special Opportunities LLC ('Atlas') 
 
   Issue of 13,703,171 shares 
 
   Vast Resources plc, the AIM-listed mining company, announces that the 
Company has elected to pay the interest due on 29 March 2020 on the 
$7,101,947 Bond issued to Atlas announced on 31 January 2020 by the 
issue of 13,703,171 shares (the 'Issue Shares') at an issue price of 
0.17415p per share.  Under the terms of the Atlas Bond Issuance Deed the 
Company is entitled to elect to make payment of interest on the Bond in 
shares at an issue price of 90% of the Volume Weighted Average Price of 
the Company's shares on the business day prior to the interest payment 
date. 
 
   Admission of and dealings in the Issue Shares 
 
   Application is being made for the Issue Shares to be admitted to trading 
on AIM ('Admission') and it is expected that Admission will become 
effective and dealing in the Issue Shares will commence on or around 3 
April 2020.  The Issue Shares will rank pari passu with existing 
Ordinary Shares. 
 
   Following Admission the total issued share capital of the Company will 
be 10,287,065,759.  The above figure 10,287,065,759 may be used by 
shareholders as the denominator for the calculations by which they will 
determine if they are required to notify their interest in Vast under 
the FCA's Disclosure and Transparency Rule. 
 
   **ENDS** 
 
   For further information, visit www.vastplc.com or please contact: 
 
 
 
 
Vast Resources plc               www.vastplc.com 
 Andrew Prelea (Chief Executive   +44 (0) 1491 615 232 
 Officer) 
 Andrew Hall 
Beaumont Cornish - Financial &   www.beaumontcornish.com 
 Nominated Adviser                +44 (0) 020 7628 3396 
 Roland Cornish 
 James Biddle 
SP Angel Corporate Finance LLP   www.spangel.co.uk 
 -- Broker                        +44 (0) 20 3470 0470 
 Richard Morrison 
 Caroline Rowe 
Blytheweigh                      www.blytheweigh.com 
 Tim Blythe                       +44 (0) 20 7138 3204 
 Megan Ray 
 
 
   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"). 
 
   ABOUT VAST RESOURCES PLC 
 
   Vast Resources plc, is an AIM listed mining company with mines in 
Romania and Zimbabwe focused on the rapid advancement of high quality 
brownfield projects by recommencing production at previously producing 
mines in Romania and commencement of the joint venture mining agreement 
on the Chiadzwa Community Concession Block of the Chiadzwa Diamond 
Fields in Zimbabwe. 
 
   The Company's portfolio includes an 80% interest in the Baita Plai 
Polymetallic Mine in Romania, where work is now currently underway 
towards developing and recommissioning the mine and the Community 
Concession Block in Chiadzwa, Zimbabwe. 
 
   Vast Resources owns the Manaila Polymetallic Mine in Romania, which was 
commissioned in 2015, currently on care and maintenance. 
 
   Attachment 
 
 
   -- Election to pay in shares 29 March 2020 interest of $29,591.45 due to 
      Atlas Special Opportunities LLC 
      https://ml-eu.globenewswire.com/Resource/Download/c40381b7-d897-4cba-85f6-5704657f2e5e 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

March 31, 2020 02:00 ET (06:00 GMT)

Vast Resources (LSE:VAST)
Historical Stock Chart
From Apr 2024 to May 2024

Vast Resources (LSE:VAST)
Historical Stock Chart
From May 2023 to May 2024