Vast Resources plc Atlas Special Opportunities Llc Interest Payment Election
01 Giugno 2020 - 02:30PM
UK Regulatory
TIDMVAST
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
01 June 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 May 2020
on the $7,101,947 Bond issued to Atlas announced on 31 January 2020 by
the issue of 16,911,058 shares (the 'Issue Shares') at an issue price of
0.14202 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 4
June 2020. The Issue Shares will rank pari passu with existing Ordinary
Shares.
Following Admission, the total issued share capital of the Company will
be 11,312,660,643. The above figure of 11,312,660,643 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 Officer) +44 (0) 20 7846 0974
Andrew Hall
Beaumont Cornish - Financial & Nominated Adviser www.beaumontcornish.com
Roland Cornish +44 (0) 020 7628 3396
James Biddle
SP Angel Corporate Finance LLP -- Joint Broker www.spangel.co.uk
Richard Morrison +44 (0) 20 3470 0470
Caroline Rowe
Axis Capital Markets Limited -- Joint Broker www.axcap247.com
Richard Hutchison +44 (0) 20 3206 0320
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.
(END) Dow Jones Newswires
June 01, 2020 08:30 ET (12:30 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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