Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
13 October 2015 Vast Resources plc ('Vast' or the 'Company')
Issue of Equity
Vast Resources plc, the AIM listed resource and development company, announces that, pursuant to the Company's announcement of 9 July 2015 and following the grant of the relevant authorities at the Company's Annual General Meeting, application has been made for 154,649,140 new ordinary shares of 0.1p each to be admitted to trading on AIM pursuant to the conversion by Sapi River Investments Limited of its loan of US$1.2m to the Company at an exercise price of 0.5p per share.
Sapi River Investments Limited is a trust associated with William Battershill, the Chairman of the Company. Mr Battershill has no beneficial or controlling interest in the trust.
In addition, following the grant of the relevant authorities at the Company's Annual General Meeting, application has been made for 23,097,237 new ordinary shares of 0.1p each to be admitted to trading on AIM pursuant to an issue of shares to a consultant to satisfy obligations to pay commissions in relation to prior fundraising.
Admission to trading on AIM of the, in aggregate, 177,746,377 new ordinary shares is expected to occur at 8:00 am on 16 October 2015 ('Admission'). Following Admission, the total number of voting rights in the Company will be 1,658,595,366 with each ordinary share carrying the right to one vote.
The above figure of 1,658,595,366 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in VAST under the FCA's Disclosure and Transparency Rules.
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For further information visit www.vastresourcesplc.com or please contact:
Vast Resources plc Roy Tucker (Finance Director) +44 (0) 1622 816918 +44 (0) 7920 189012
Roy Pitchford (Chief Executive Officer) +263 (0) 7721 69833 +40 (0) 7411 11900 +44 (0) 7793 909985
Strand Hanson Limited - Financial & www.strandhanson.co.uk Nominated Adviser +44 (0) 20 7409 3494 James Spinney Ritchie Balmer James Bellman
Daniel Stewart and Company plc - Joint www.danielstewart.co.uk Broker +44 (0) 20 7776 6550 Martin Lampshire David Coffman
Dowgate Capital Stockbrokers Ltd - Joint www.dowgatecapitalstockbrokers.co.uk Broker +44 (0)1293 517744 Jason Robertson Neil Badger
St Brides Partners Ltd www.stbridespartners.co.uk Charlotte Heap +44 (0) 20 7236 1177 Hugo de Salis
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Source: Vast Resources plc via GlobeNewswire [HUG#1958352]
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