Vast Resources plc Exercise Of Warrants And Issue Of Equity
31 Dicembre 2019 - 01:31PM
UK Regulatory
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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