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.
+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”).
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 100% 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 is now working on
Update on Asset Backed Debt Facility
Nachrichtenquelle: globenewswire | 16.12.2020, 08:00 | 107 16 December 2020
Update on Asset Backed Debt Facility Vast Resources plc, the AIM-listed mining company, would like to update the market that the previously announced detailed term sheet from the international banking institution (the ‘Bank’), linked to Vast’s now 100% owned Baita Plai Polymetallic Mine (‘Baita Plai’) in Romania, was presented to the Bank’s credit committee at its meeting held yesterday, 15 December2020, and the final decision is being considered by the committee members. The Company will update the market regarding approval status once confirmed by the Bank. ENDS
Vast Resources plc
Beaumont Cornish - Financial & Nominated Adviser