Bracknor Warrants Outstanding - correction of a...

Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
6 March 2017
Vast Resources plc
("Vast" or the "Company")

Bracknor Warrants Outstanding - correction of announcement of 1 March 2017

Vast Resources plc, the AIM-listed mining company with interests in Romania and Zimbabwe, informs the market that the statement in its announcement of 1 March 2017 that no further warrants remained outstanding to Bracknor was incorrect.  In fact 30,425,000 warrants exercisable at 0.4p per share remain outstanding to Bracknor.

As stated in the Company's announcement of 11 October 2016, the number of warrants to be issued to Bracknor was to be 20% of the Loan Notes issued.  The value of the Loan Notes issued was £1,606,500, on the basis of which 80,425,000 warrants were required to be issued, of which 50,000,000 have now been exercised.  The aforesaid announcement gave an illustration of a Loan Note drawdown of £1,000,000 and which gave a figure of 50,000,000 for the Bracknor warrant entitlement.  Unfortunately the 50,000,000 figure was picked up in error in the subsequent announcements of 21 February and 1 March 2017.

**ENDS**

For further information, visit www.vastresourcesplc.com or please contact:

Vast Resources plc Roy Pitchford (Chief Executive Officer)	[phone]
Beaumont Cornish - Financial & Nominated Adviser  Roland Cornish  James Biddle	www.beaumontcornish.com [phone]
Brandon Hill Capital Ltd - Joint Broker Jonathan Evans	www.brandonhillcapital.com [phone]
Peterhouse Corporate Finance Ltd - Joint Broker  Duncan Vasey	www.pcorpfin.com  [phone]
St Brides Partners Ltd Susie Geliher Charlotte Page	www.stbridespartners.co.uk  [phone]

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").

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Vast Resources plc via Globenewswire