05:00 Thu 22 Feb 2018
Exercise of Warrants and Issue of Equity
/ Ticker: VAST / Index: AIM / Sector: Mining
("Vast" or the "Company")
Exercise of Warrants and Issue of Equity
In line with its regulatory obligations, , the AIM-listed mining company with operating mines in and , announces that, pursuant to the issue of warrants to subscribers to the open offer completed on (the "Open Offer Warrants"), a holder of Open Offer Warrants has elected to exercise 8,000,000 Open Offer Warrants. Each Open Offer Warrant entitles the holder to one ordinary share of 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 . Accordingly, the Company has today issued 8,000,000 new Ordinary Shares. £40,000.00 has been received by the Company as a result of the exercise of the Open Offer Warrants.
Application will be made to the for 8,000,000 new Ordinary Shares to be admitted to trading on the AIM market with admission expected to occur on or around ("Admission"). The issued new Ordinary Shares will rank 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 5,122,249,318 Ordinary Shares. There are no Ordinary Shares held in treasury. 5,122,249,318 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 Disclosure and Transparency Rules.
**ENDS**
For further information, visit or please contact:www.vastresourcesplc.com
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
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 .
currently own and operates the in , which was commissioned in 2015. The Company's portfolio also includes the in , 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 including a 25 per cent. interest in the producing in .
Andrew Prelea (Chief Executive Officer) | www.vastresourcesplc.com+44 (0) 20 7236 1177 |
Roland Cornish - Financial & Nominated Adviser | +44 (0) 020 7628 3396www.beaumontcornish.com |
- Joint Broker | www.brandonhillcapital.com+44 (0) 20 3463 5016 |
- Joint Broker | www.svssecurities.com +44 (0)20 3700 0100 |
Susie Geliher | www.stbridespartners.co.uk +44 (0) 20 7236 1177 |
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