Exercise of Warrants and Issue of Equity Vast Resources

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
Exercise of Warrants and Issue of Equity

Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 9 December 2016 Vast Resources plc ("Vast" or the "Company")

Exercise of Warrants and Issue of Equity

Vast Resources plc, the AIM-listed mining company with operations in Romania and Zimbabwe, announces that, pursuant to the issue of warrants to subscribers to the open offer completed on 1 August 2016 (the "Open Offer Warrants"), certain holders of Open Offer Warrants informed the Company, on 9 December 2016, that they have elected to exercise 376,409 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, dated 8 December 2016, was received by Vast today.  Accordingly the Company has today issued 376,409 new Ordinary Shares.  £1,882.05 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 plc for 376,409 new Ordinary Shares to be admitted to trading on the AIM market with admission expected to occur on or around 15 December 2016 ("Admission").  The issued new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares.

Following Admission the issued ordinary share capital of Vast will consist of 4,405,969,119 Ordinary Shares.  There are no Ordinary Shares held in treasury.  4,405,969,119 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.vastresourcesplc.com or please contact:

Vast Resources plc Roy Pitchford (Chief Executive Officer)   +40 (0) 372 988 988 - Office Romania  +40 (0) 741 111 900 - Mobile Romania  +44 (0) 7793 909985 - Mobile UK
Strand Hanson Limited - Financial & Nominated Adviser  James Spinney  James Bellman   www.strandhanson.co.uk  +44 (0) 20 7409 3494
Brandon Hill Capital Ltd - Joint Broker Jonathan Evans   www.brandonhillcapital.com +44 (0)20 3463 5016
Peterhouse Corporate Finance Ltd - Joint Broker  Duncan Vasey www.pcorpfin.com  +44 (0) 20 7469 0936  
St Brides Partners Ltd Susie Geliher Charlotte Page www.stbridespartners.co.uk  +44 (0) 20 7236 1177

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").

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Global Communication Works Opens SignlLabs™ AI Licensing

Updated Category News Views 28

AI Signaling Moves Beyond GCW's Own Clients Remember when we first looked at GCW's SignlLabs and the idea of helping brands show up inside ChatGPT, Gemini, Claude, Copilot and Perplexity? Well, Global Communication Works is taking the next step. Instead of keeping its AI Signaling playbook inside the agency walls, GCW is now opening SignlLabs up for licensing

Continue Reading
Sandbox VR Expands to Melbourne, Betting on Immersive Fun

Updated Category News Views 0

Sandbox VR Ventures into Melbourne's Heart Every now and then, a venture takes its ambitions and rolls the dice on a prime location. Sandbox VR is swaggering into Melbourne's bustling Central Business District, fresh out of its success on the Gold Coast. Opening this Melbourne venue on September 14 marks a significant leap in the company's Aussie expansion—a bold nod to...

Continue Reading
Fresh Thyme Empowers Local Brands in Michigan Debut

Updated Category News Views 2

A Community-Driven Retail Innovation The grocery game just got a little more personal in Michigan, and we're not talking about run-of-the-mill retail pitches. Fresh Thyme Market, known for its commitment to local and natural products, is shaking things up with their Pitch Thyme Competition. This ain’t your usual product presentation. It’s a whole new ball game where...

Continue Reading
EFSI Shareholders on Alert Amid M&A Deal Scrutiny

Updated Category News Views 1

Eagle Financial Services Under the Microscope A buzz is picking up in the world of mergers and acquisitions, and this time, it's Eagle Financial Services, Inc. (NASDAQ: EFSI) caught in the crosshairs. What's the chatter all about? Well, it looks like Juan Monteverde and his crew over at Monteverde & Associates PC have set their sights on Eagle's proposed sale to John...

Continue Reading
Wave Kids™ Unveils New Flavors for Kids' Drinks

Updated Category News Views 1

Sparking a Fresh Wave in the Kids' Beverage Market Alright, let me tell you about a new player plowing into the kids' drink scene. Wave Kids™, a brand that's making waves—pun intended—has a fresh lineup that screams 'fun' and 'healthy' in equal measure. Just coinciding with back-to-school season, this Scottsdale, Arizona outfit has rolled out not one or two, but...

Continue Reading
Woodpack Global Unveils Crate Design System: A New Era Begins

Updated Category News Views 0

Innovating the Wooden Crate Landscape An old industry got a much-needed facelift today, folks. Woodpack Global has rolled out Crate Design System™ (CDS)—a snazzy new tool that's shaking up the wooden crate design landscape. It blows the dust off outdated design methods that have been collecting cobwebs since the '60s. That's right, we’re talking about a significant...

Continue Reading
ABC Honors 2026 Spirit of the Heart Leaders

Updated Category News Views 3

Celebrating Champions of Cardiovascular Health In a world where accolades often feel as cold as the stock market after a crash, it’s heartening to see genuine recognition for those who are making actual, lasting impact. On October 3, 2026, the Association of Black Cardiologists (ABC) will hold its annual Spirit of the Heart Awards at none other than Cipriani Wall...

Continue Reading
MCatalysis Secures $5M to Disrupt Fuel Cost Dynamics

Updated Category News Views 3

Funding Fuels Innovation MCatalysis has just secured a hefty $5 million in seed funding to throw down with the big dogs in energy production. This isn't your regular backyard science project; this company is serious about changing the game with a tech-driven approach that could undercut current fuel prices. HL Energy Ventures and Oxford Science Enterprises are backing...

Continue Reading
LeoLabs and SciTec Partner for $93.7M Space Force Deal

Updated Category News Views 1

LeoLabs and SciTec Join Forces for Space Dominance The space race ain't just about rockets blasting off anymore. It's about making sure we've got eyes everywhere, even on the back of our heads, so to speak. Enter LeoLabs teaming up with SciTec to help the U.S. Space Force upgrade their radar systems to something out of a sci-fi flick, armed with a $93.7 million contract...

Continue Reading
Maurices Strengthens Position with Key Refinancing Deal

Updated Category News Views 0

Maurices' Bold Financial Maneuver When a retailer like Maurices, with its near-century-long history, decides to play in the financial arena, it sure makes my ears perk up. This Duluth-based women's fashion retailer isn't just dipping its toes in—it's executing a full-blown refinancing blitzkrieg and coming out stronger. Announcing the completion of its refinancing plan...

Continue Reading

Top 5 Most Recently Viewed Articles

Projected Growth of Glass Curtain Wall Market to $100.81 Billion

Updated Category News Views 123

Glass Curtain Wall Market Growth and Dynamics The Glass Curtain Wall Market has shown remarkable growth, with estimates suggesting it was valued at USD 58.60 billion recently and is anticipated to soar to USD 100.81 billion within the next few years. This significant increase at a CAGR of 7.02% from one year to another reflects a growing trend towards energy-efficient...

Continue Reading
Lipella Pharmaceuticals Strives to Overcome Nasdaq Challenges

Updated Category News Views 178

Lipella Pharmaceuticals Faces Nasdaq Compliance Challenges Lipella Pharmaceuticals Inc. (NASDAQ:LIPO), a biopharmaceutical company focused on advancing innovative treatments, is navigating potential delisting from the Nasdaq Capital Market due to issues related to its stockholders' equity. This concern was highlighted in a recent filing with the U.S. Securities and...

Continue Reading
Markel Strengthens War and Terrorism Division with Key Hires

Updated Category News Views 234

Markel's Commitment to Enhanced Coverage in War and Terrorism Markel Insurance, a part of Markel Group Inc. (NYSE: MKL), has recently enhanced its offerings in the International War and Terrorism segment through key appointments designed to foster profitable growth. The company is committed to providing industry-leading solutions to meet the evolving challenges within...

Continue Reading
Discovering Insider Activity around Coinbase Global Options

Updated Category News Views 168

Understanding Whale Activity in Coinbase Global Options When looking at the investment landscape, it's fascinating to see how high-profile investors engage with stocks, particularly in the tech sector. Recently, a noticeable wave of optimism has emerged surrounding Coinbase Global (COIN), a leading name in the cryptocurrency space. Many investors are watching intently,...

Continue Reading
Explore the Class Action Lawsuit Against Arconic Corporation

Updated Category News Views 154

Understanding the Class Action Lawsuit Against Arconic Corporation Investors are currently given the opportunity to participate in a significant class action lawsuit against Arconic Corporation, a company recognized for its expertise in manufacturing lightweight metals. This lawsuit arises from alleged violations of securities laws, specifically concerning misleading...

Continue Reading