Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
4 March 2019
Vast Resources plc
(“Vast” or the “Company”)
Placing and Subscription to raise £852,500 before costs
Vast Resources plc, the AIM-listed mining company with operating mines in
The Placing and Subscription will be applied as to £470,000 less costs towards Baita Plai and for general corporate purposes and as to £382,500 less costs towards the Company’s operations in the Marange Diamond Fields in
Admission of and Dealings in the Placing and Subscription Shares
The issue of the Placing and Subscription Shares is conditional on their admission to trading on AIM ("Admission"). Application is being made for the Placing and Subscription Shares to be admitted to trading on AIM and it is expected that Admission will become effective and dealing in the Placing and Subscription Shares will commence on or around 8 March 2019. The Placing and Subscription Shares will rank pari passu with existing Ordinary Shares.
Following Admission, the total issued share capital of the Company will be 7,500,726,867. The above figure of 7,500,726,867 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in Vast under the FCA's Disclosure and Transparency Rule.
*This includes the remainder of the authority granted according to Resolutions 9 and 11 at the 2018 Annual General Meeting as this was in the event not required to be reserved for Bergen following the repayment of the balance of the first tranche of the Bergen facility
**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 Juliet Earl Catherine Leftley | 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