Vast Resources PLC Exercise of Warrants and Issue of Equity (6547A)
March 27 2017 - 10:59AM
UK Regulatory
TIDMVAST
RNS Number : 6547A
Vast Resources PLC
27 March 2017
Vast Resources plc / Ticker: VAST / Index: AIM / Sector:
Mining
27 March 2017
Vast Resources plc
("Vast" or the "Company")
Exercise of Warrants and Issue of Equity
VAST Resources plc, the AIM-listed mining company with operating
mines in Romania and Zimbabwe, announces that, pursuant to the
issue of warrants to subscribers to the placing and subscription
completed on 6 July 2016 (the "Placing Warrants"), certain holders
of Placing Warrants have elected to exercise 52,631,578 Placing
Warrants. Each Placing Warrant entitles the holder to one ordinary
share of 0.1 pence 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 24 March 2017. Accordingly, the
Company has today issued 52,631,578 new Ordinary Shares.
GBP263,157.89 is due to the Company as a result of the exercise of
the Open Offer Warrants.
Application will be made to the London Stock Exchange plc for
52,631,578 new Ordinary Shares to be admitted to trading on the AIM
market with admission expected to occur on or around 3 April 2017
("Admission"). The issued new Ordinary Shares will rank pari passu
in all respects with the existing Ordinary Shares.
Following Admission the issued ordinary share capital of Vast
will consist of 4,663,316,866 Ordinary Shares. There are no
Ordinary Shares held in treasury. 4,663,316,866 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.
**ENDS**
For further information, visit www.vastresourcesplc.com or
please contact:
Vast Resources plc
Roy Pitchford (Chief Executive Officer) +44 (0) 20 7236 1177
Beaumont Cornish - Financial & Nominated Adviser www.beaumontcornish.com
Roland Cornish +44 (0) 020 7628 3396
James Biddle
Brandon Hill Capital Ltd - Joint Broker www.brandonhillcapital.com
Jonathan Evans +44 (0) 20 3463 5016
Peterhouse Corporate Finance Ltd - Joint Broker www.pcorpfin.com
Duncan Vasey +44 (0) 20 7469 0936
St Brides Partners Ltd www.stbridespartners.co.uk
Susie Geliher +44 (0) 20 7236 1177
Charlotte Page
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").
This information is provided by RNS
The company news service from the London Stock Exchange
END
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