Hold the Presses is your online newsportal en brings press releases from around the world. Journalists can use it for free, although it is their responsibilty to check the news. Hold the Presses is in no way responsible for the content of the press releases, the Sender is. We hope you enjoy reading the news we bring you on this website. If a message is published that is not acceptable, we apologize. Please contact us and we will remove the message as soon as possible.

Tuesday, 17 October 2017

Exercise of Warrants and Issue of Equity

     

Published: 08:00 CEST 17-10-2017 /GlobeNewswire /Source: Vast Resources plc / : VAST /ISIN: GB00B142P698

Exercise of Warrants and Issue of Equity

Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining

17 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 2,112 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 13th October 2017.  Accordingly, the Company yesterday issued 2,112 new Ordinary Shares.  £10.56 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 2,112 new Ordinary Shares to be admitted to trading on the AIM market with admission expected to occur on or around 20 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 4,683,691,318 Ordinary Shares.  There are no Ordinary Shares held in treasury.  4,683,691,318 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
Roy Pitchford (Chief Executive Officer)

www.vastresourcesplc.com

+44 (0) 20 7236 1177

 

Beaumont Cornish - Financial & Nominated Adviser 
Roland Cornish 

James Biddle

 

www.beaumontcornish.com
+44 (0) 020 7628 3396

Brandon Hill Capital Ltd - Joint Broker

Jonathan Evans

 

www.brandonhillcapital.com

+44 (0) 20 3463 5016

Peterhouse Corporate Finance Ltd - Joint Broker 
Duncan Vasey

www.pcorpfin.com

 +44 (0) 20 7469 0936

 

St Brides Partners Ltd
Susie Geliher
Charlotte Page

www.stbridespartners.co.uk 
+44 (0) 20 7236 1177

 

 

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 (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Vast Resources plc, Nettlestead Place, Maidstone Road, Nettlestead,, MAIDSTONE, ME18 5HA,, United Kingdom
If you would like to unsubscribe and stop receiving these e-mails click here.