VAST Vast Resources Plc

 
TIDMVAST 
 
 
   Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 
 
   30 April 2020 
 
   Vast Resources plc 
 
   ("Vast" or the "Company") 
 
   Atlas Special Opportunities LLC Interest Payment Election 
 
   Vast Resources plc, the AIM-listed mining company, announces that the 
Company has elected to pay the interest of $29,591.45 due on 29 April 
2020 on the $7,101,947 Bond issued to Atlas announced on 31 January 2020 
by the issue of 15,582,523 shares (the 'Issue Shares') at an issue price 
of 0.15327 pence 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 5 
May 2020.  The Issue Shares will rank pari passu with existing Ordinary 
Shares. 
 
   Following Admission the total issued share capital of the Company will 
be 10,694,805,145.  The above figure 10,694,805,145 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) 20 7846 0974 
 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 
 -- Joint Broker                  +44 (0) 20 3470 0470 
 Richard Morrison 
 Caroline Rowe 
Axis Capital Markets Limited --  www.axcap247.com 
 Joint Broker                     +44 (0) 20 3206 0320 
 Richard Hutchison 
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 
 
 
   -- Atlas Special Opportunities LLC Interest Payment Election 
      https://ml-eu.globenewswire.com/Resource/Download/174699d3-81b9-42eb-adb0-60c63cdb1b97 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

April 30, 2020 02:01 ET (06:01 GMT)

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