VAST Vast Resources Plc

 
TIDMVAST 
 
 
   Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 
 
   25 October 2019 
 
   Vast Resources plc 
 
   ("Vast" or the "Company") 
 
   Exercise of Warrants and Issue of Equity 
 
   Vast Resources plc, the AIM-listed mining company, announces that 
pursuant to the issue of 34,000,000 Warrants to an institutional 
investor (the 'Investor') on 8 August 2019 the Investor has elected to 
exercise the whole of the Warrants so issued.  The Warrants comprise of 
the right to subscribe for 17,000,000 Ordinary Shares in the Company at 
an exercise price of 0.13p per share and 17,000,000 Ordinary Shares in 
the Company at an exercise price of 0.15p per share.  Notice of Exercise 
of the Warrants was received by the Company on 22 October and GBP47,600 
received by the Company yesterday as a result of the Exercise of the 
Warrants. 
 
   Application will be made to the London Stock Exchange for 34,000,000 new 
Ordinary Shares to be admitted to trading on the AIM market with 
admission expecting to occur on or around  31 October 2019 
('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 10,253,082,366 Ordinary Shares. 
There are no Ordinary Shares held in treasury. 10,253,082,366 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.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 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 currently underway towards 
developing and recommissioning the mine on completion of funding and the 
commencement of the of 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, and is focused 
on its expansion through the development of a second open pit operation 
and new metallurgical complex at the Carlibaba Extension Area. 
 
   Attachment 
 
 
   -- Exercise of Warrants and Issue of Equity (25.10.19) 
      https://ml-eu.globenewswire.com/Resource/Download/8f5407e2-db43-4e42-8475-8ea4a3a78f07 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

October 25, 2019 02:00 ET (06:00 GMT)

Grafico Azioni Vast Resources (LSE:VAST)
Storico
Da Mar 2024 a Apr 2024

Grafico Azioni Vast Resources (LSE:VAST)
Storico
Da Apr 2023 a Apr 2024