Thu, 7th Jan 2021 14:45 Exercise of Warrants and Issue of Equity
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
7 January 2021
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 376,374 Open Offer Warrants. Each Open Offer 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 made prior to 1 January 2021 but was not received by Vast until 7 January 2021. Accordingly, the Company has today issued 376,374 new Ordinary Shares. £1,881.87 has been received by the Company as a result of the exercise of the Open Offer Warrants.