Vast Resources plc Notice To Shareholders
November 09 2020 - 2:00AM
UK Regulatory
TIDMVAST
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
9 November 2020
Vast Resources plc
('Vast' or the 'Company')
Notice to Shareholders
Vast Resources plc, the AIM listed mining company, is pleased to
announce a further update to shareholders following the notice of the
General Meeting of the Company announced on 6 November 2020.
Further to this announcement regarding the proposed acquisition of the
minority interests in its Romanian projects from AP Mining Group Limited
("the Transaction"), the Company announces that Andrew Prelea & Roy
Tucker, being directors of the Company, have agreed with the Company to
a lock up period of 12 months in relation to their individual share
issuances of 1,500,001,930 & 225,005,790.which would follow shareholder
approval of the Resolution at the General Meeting of the Company set
down for 23 November 2020.
**ENDS**
For further information, visit
https://www.globenewswire.com/Tracker?data=KNUWgbQijabyo57hK8jKfsMVuhAS3XLNEuDgF9mLHObGfbXHs_ALFUxXcHHPZ1U1uj_m6eYpGAYkKnzrmmD2Ng==
www.vastplc.com, follow the Company on Twitter @vast_resources and
LinkedIn, or please contact:
Vast Resources plc www.vastplc.com
Andrew Prelea - CEO +44 (0) 20 7846 0974
Andrew Hall
Beaumont Cornish - Financial & Nominated Adviser www.beaumontcornish.com
Roland Cornish +44 (0) 020 7628 3396
James Biddle
SP Angel Corporate Finance LLP -- Joint Broker www.spangel.co.uk
Richard Morrison +44 (0) 20 3470 0470
Caroline Rowe
Axis Capital Markets Limited -- Joint Broker www.axcap247.com
Richard Hutchison +44 (0) 20 3206 0320
St Brides Partners Limted 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").
ABOUT VAST RESOURCES PLC
Vast Resources plc, is a United Kingdom AIM listed mining company with
mines and projects in Romania and Zimbabwe.
In Romania, the Company is focused on the rapid advancement of high
quality projects by recommencing production at previously producing
mines.
The Company's Romanian portfolio includes an 80% 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 also owns the Manaila Polymetallic Mine in Romania, which
was commissioned in 2015, currently on care and maintenance. The Company
has been granted the Manaila Carlibaba Extended Exploitation License
that will allow the Company to re-examine the exploitation of the
mineral resources within the larger Manaila Carlibaba licence area.
In Zimbabwe, the Company is focused on the commencement of the joint
venture mining agreement on the Chiadzwa Community Concession Block of
the Chiadzwa Diamond Fields in Zimbabwe.
(END) Dow Jones Newswires
November 09, 2020 02:00 ET (07:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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