TIDMVAST 
 
 
   Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 
 
   31 December 2019 
 
   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, announces that, pursuant to the issue of 
warrants to subscribers to the open offer completed on 1 August 2016 
(the "Open Offer Warrants"), holders of Open Offer Warrants have elected 
to exercise 260,629 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 30 December 
2019.  Accordingly, the Company has today issued 260,629 new Ordinary 
Shares.  GBP1,303.14 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 260,629 new 
Ordinary Shares to be admitted to trading on the AIM market with 
admission expected to occur on or around 7 January 2020 ("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 10,273,361,313 Ordinary Shares. 
There are no Ordinary Shares held in treasury.  10,273,361,313 
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"). 
 
   Notes 
 
   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 finalising the joint venture mining agreement on 
the Heritage Concession (Block T1A of the Marange 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. 
 
   Vast Resources owns the Manaila Polymetallic Mine in Romania, which was 
commissioned in 2015, currently on care and maintenance. 
 
   Attachment 
 
 
   -- Exercise of Warrants and Issue of Equity 311219 
      https://ml-eu.globenewswire.com/Resource/Download/2e3c1b48-cc30-4cca-96e5-653e4c65611b 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

December 31, 2019 07:31 ET (12:31 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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