Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
24 December 2020
Vast Resources plc
(“Vast” or the “Company”)
Exercise of Warrants and Issue of Equity
In line with its regulatory obligations, Vast Resources plc, the AIM-listed mining company, announces that, pursuant to the issue of warrants to subscribers to the open offer completed on 1 August 2016 (the “Open Offer Warrants”), holders of Open Offer Warrants have elected to exercise 12,212 Open Offer Warrants. Each Open Offer Warrant entitles the holder to one ordinary share of
Application will be made to the London Stock Exchange for 12,212 new Ordinary Shares to be admitted to trading on the AIM market with admission expected to occur on or around 4 January 2021 (“Admission”). The issued new Ordinary Shares will rank pari passu 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 20,976,232,851 Ordinary Shares. There are no Ordinary Shares held in treasury. 20,976,232,851 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.
For further information, visit www.vastplc.com, follow the Company on Twitter @vast_resources and LinkedIn, or please contact:
|Vast Resources plc|
Andrew Prelea - CEO
+44 (0) 20 7846 0974
|Beaumont Cornish - Financial & Nominated Adviser |
+44 (0) 020 7628 3396
|SP Angel Corporate Finance LLP – Joint Broker |
+44 (0) 20 3470 0470
|Axis Capital Markets Limited – Joint Broker |
+44 (0) 20 3206 0320
|St Brides Partners Limited |
+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”).
ABOUT VAST RESOURCES PLC
Vast Resources plc is a United Kingdom AIM listed mining company with mines and projects in
The Company’s Romanian portfolio includes 100% interest in the producing Baita Plai Polymetallic Mine, located in the Apuseni Mountains, Transylvania, an area which hosts Romania’s largest polymetallic mines. The mine has a JORC compliant Reserve & Resource Report which underpins the initial mine production life of approximately 3-4 years with an in-situ total mineral resource of 15,695 tonnes copper equivalent with a further 1.8M–3M tonnes exploration target. The Company is now working on confirming an enlarged exploration target of up to 5.8M tonnes.
The Company also owns the Manaila Polymetallic Mine in