("Vast" or "the Company")
Update on possible
Further to the announcement of
The Company and the Investors have recently enjoyed constructive discussions to progress a framework for further investment.
Following these discussions, the Investors have now agreed to vary their intentions as outlined in the RNS dated
- Any forthcoming investment will now be solely at project level (on a basis to be agreed);
- There is no longer any intention to offer a subscription of new shares to the Investors at 0.4p that would have enabled them to take up to 29.9% of the enlarged share capital of the Company.
"We have enjoyed some very constructive meetings between both strategic investors and these amendments to the original investment proposal will offer shareholders the potential to transform our entire portfolio of mining/development properties in
**ENDS**
For further information, visit www.vastresourcesplc.com or please contact:
www.vastresourcesplc.com +44 (0) 20 7236 1177 | |
Roland Cornish | www.beaumontcornish.com +44 (0) 020 7628 3396 |
www.brandonhillcapital.com +44 (0) 20 3463 5016 | |
www.pcorpfin.com +44 (0) 20 7469 0936 | |
Susie Geliher | 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").
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
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