Exercise of Warrants and Issue of Equity Vast Resources

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
20
Exercise of Warrants and Issue of Equity

Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 5 April 2017 Vast Resources plc ("Vast" or the "Company")

Exercise of Warrants and Issue of Equity

Vast Resources plc, the AIM-listed mining company with operating mines 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 have elected to exercise 6,116 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 4 April 2017.  Accordingly, the Company has today issued 6,116 new Ordinary Shares.  £30.58 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 6,116 new Ordinary Shares to be admitted to trading on the AIM market with admission expected to occur on or around 11 April 2017 ("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 4,663,410,575 Ordinary Shares.  There are no Ordinary Shares held in treasury.  4,663,410,575 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) www.vastresourcesplc.com +44 (0) 20 7236 1177  
Beaumont Cornish - Financial & Nominated Adviser  Roland Cornish  James Biddle   www.beaumontcornish.com +44 (0) 020 7628 3396
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").

Notes

Vast Resources plc is an AIM listed mining and resource development company focussed on the rapid advancement of high quality brownfield projects and recommencing production at previously producing mines in Romania.

Vast Resources currently own and operates the Manaila Polymetallic Mine in Romania, which was commissioned in 2015.  The Company's portfolio also includes the Baita Plai Polymetallic Mine in Romania, where work is currently underway towards obtaining the relevant permissions to start developing and ultimately commissioning the mine.

The Company also has interests in a number of projects in Southern Africa including a 25 per cent. interest* in the producing Pickstone-Peerless Gold Mine in Zimbabwe.

* Vast ownership is currently 50% (25.01% when SSCG Africa Holdings Ltd financing conditions precedent are fulfilled as per announcement on 30 January 2017).

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Kentucky Power's Bold Plan to Boost Local Economy

Updated Category News Views 80

Electricity, Economy, and Execution Kentucky Power just laid out plans that could massively swing the pendulum for eastern Kentucky's economic prospects. They've put filings on the table for the Kentucky Public Service Commission that, if approved, promise big economic benefits. We're talking about a potential infusion of $500 million through fixed-rate offsets and an...

Continue Reading
National Police Assoc. Urges House to Pass PTSD Act

Updated Category News Views 53

An Urgent Call for Action on PTSD Support Alright folks, this ain't your typical investment rundown, but it's got stakes just the same. The National Police Association is sounding the horn for the House to pass the Fighting Post-Traumatic Stress Disorder Act of 2025 (S. 825). Now, if you've been around the block, you know legislation can play out like a market...

Continue Reading
Appier's Q3 FY26 Results: Record Growth and Earnings Spike

Updated Category News Views 146

Appier's Stellar Q3 Performance: A Game Changer Well, ain't that a kicker? Out of the blue, Appier (TSE: 4180) has thrown down a Q3 performance that's got everyone talking. This AI-driven enterprise didn't just ride the wave of success—they created the tsunami. Strap in as we dive into what makes this quarter such a showstopper. Record-Breaking Numbers First off, let's...

Continue Reading
Finding the Right Auto Insurance: What to Consider

Updated Category News Views 52

Understanding the Basics of Auto Insurance Coverage Now, you might think the state knows best when it sets those minimum auto insurance requirements. But let's not kid ourselves—skimping on coverage can leave you high and dry if things go south on the road. That's where an expert voice like Corey Frazer's comes in, laying out why those limits often fall short. Minimum...

Continue Reading
Odessa Water Overbilling Lawsuit Surges Ahead

Updated Category News Views 106

Full Steam Ahead for Odessa's Water Fight Odessa, a dust-blown Texas town, ain't giving up without a fight. The court just lit a fire under the efforts of 46,000 residents and businesses hollering about their water bills that seemed to skyrocket outta nowhere. This court ruling lets the class action against the City of Odessa and Performance Services—they're the folks...

Continue Reading
Maritime Safety Urged After New Orleans Vessel Incident

Updated Category News Views 44

The Mississippi River saw a bit of drama near the Port of New Orleans when a river cruise turned into an unexpected rescue operation. Listen up, because incidents like this bring maritime safety right to the forefront; we can't ignore the waters that shape our daily lives here in the Big Easy. Navigating the Waters Safely Some 150 souls found themselves in a pickle when...

Continue Reading
JardogsHealth Taps Industry Titans for Growth Council

Updated Category News Views 82

JardogsHealth: A New Chapter with Strategic Insights You've got to admire when a company rounds up a top-tier brain trust. Such is the case with JardogsHealth, the healthcare AI outfit nestled in Hillsboro, Illinois, as they align their future alongside heavyweights who’ve maneuvered through multiple industries and come out thriving. Their brand-new council includes...

Continue Reading
Toys"R"Us Rolls Out 160 U.S. Stores, NYC Celebration

Updated Category News Views 123

Rebuilding the Toy Empire After a rough few years, Toys"R"Us is clawing its way back into the hearts—and wallets—of American shoppers. With 160+ new standalone stores popping up like mushrooms after rain, these guys aren't just playing games. This is a strategic move to reestablish their presence in the retail landscape just before the holiday shopping frenzy kicks...

Continue Reading
Choosing Expert European Auto Repair: Key Insights

Updated Category News Views 11

The Perks of Specialist Knowledge Ever get the feeling your local auto shop doesn't always cut it when your sleek BMW or classy Mercedes needs a tweak? You're not alone. Specifically, for those driving around Alpharetta, European vehicles demand not just routine check-ups but specialist hands. Much like how you wouldn't hand your luxury timepiece to the shop down the...

Continue Reading
Surfshark's No-Logs Policy Gets KPMG Backing

Updated Category News Views 137

Surfshark's Commitment to Privacy Pardon my grizzled voice, but in today's world, where digital privacy often feels like a myth, having a VPN that sticks to its guns about not keeping logs is rare enough to make you look twice. Well, here comes Surfshark, loudly touting yet another seal of approval from one of the Big Four—KPMG. Not the first time for these folks, but...

Continue Reading

Top 5 Most Recently Viewed Articles

Coherent Corp. Showcases Innovative Transceiver Technologies

Updated Category News Views 157

Coherent Corp. Introduces Next-Generation Transceiver Modules Coherent Corp. (NYSE: COHR) has recently captured attention by launching two innovative transceiver modules at the European Conference on Optical Communication (ECOC) 2024. These two models, the 1.6T-DR8 and 800G-DR4 transceivers, are specifically designed to significantly enhance data transmission speeds and...

Continue Reading
Provident Financial Holdings Set to Release Earnings Soon

Updated Category News Views 167

Provident Financial Holdings, Inc. Earnings Release Announcement Provident Financial Holdings, Inc. (Nasdaq: PROV) has recently shared significant news that will cap off their financial quarter. As a holding company for Provident Savings Bank, F.S.B., they are poised to announce their third-quarter earnings soon. This update is eagerly anticipated by both institutional...

Continue Reading
Rivalry Corp. Secures Funds to Propel Future Growth and Innovation

Updated Category News Views 177

Rivalry Corp. Closes Initial Tranche of Private Placement Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY) (OTCQX: RVLCF) (FSE: 9VK), recognized as a leading sportsbook and iGaming operator dedicated to digital-first players, has reached a significant milestone by closing the first tranche of its non-brokered private placement. This announcement follows up...

Continue Reading
Understanding Insider Selling: Lessons From 3 Companies

Updated Category News Views 175

The Implications of Insider Selling Insider selling often triggers investor anxiety—but understanding the context is essential. Recently, sales at Dutch Bros, Monolithic Power Systems, and Palantir Technologies demonstrate that not all insider activity carries the same implications. In this article, we will break down the recent insider sales at these companies and...

Continue Reading
Quantum Corporation Faces Class Action Amid Financial Concerns

Updated Category News Views 173

Quantum Corporation Investors Urged to Act In light of recent challenges faced by Quantum Corporation, shareholders are advised to take note of significant developments that may impact their investments. As investors, it's crucial to stay informed, especially when issues arise that could potentially affect your financial standing. Financial Reporting Issues What Triggered...

Continue Reading