Vast Resources plc/ Ticker: VAST/ Index: AIM/ Sector: Mining
9 March 2018
Vast Resources plc
('Vast' or the 'Company')
Update on proposed
Vast Resources plc, the AIM listed mining company with operating mines in
Moreover, both the Company and Mercuria have had discussions with Sub-Sahara Goldia Investments ('SSGI') with regard to the
The Company has no reason to believe that the transaction will not close in due course.
Andrew Prelea, Chief Executive of Vast, commented: "We have spent considerable time and resources with the team at Mercuria and we welcome their rigorous diligence and procedures. Whilst acknowledging this modest delay, we appreciate and are more than happy to spend the time to complete the transaction to their satisfaction. A short delay will be more than compensated in the long term by their strategic support."
**ENDS**
For further information, visit www.vastresourcesplc.com or please contact:
Vast Resources plc Andrew Prelea (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 |
SVS Securities Plc - Joint Broker Tom Curran Ben Tadd | www.svssecurities.com +44 (0) 20 3700 0100 |
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
Vast Resources currently owns and operates the Manaila Polymetallic Mine in
The Company also has interests in a number of projects in
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Vast Resources plc via Globenewswire