Issue of Equity

Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining

6 April 2016
Vast Resources plc
("Vast" or the "Company")

Issue of Equity

Vast Resources plc, the AIM listed mining company with operations in Romania and Zimbabwe, announces that, pursuant to the agreement entered into with a number of existing shareholders (the "Investors") announced on 7 March 2016 (the "Financing"), it has received a subscription of £133,333 for the issue today of 55,555,550 new ordinary shares in the Company of 0.1 pence each ("Ordinary Shares") at an issue price of 0.24 pence per Ordinary Share and 55,555,550 warrants (the "Investor Warrants") both conditional only on admission to trading on AIM ("Admission"). 

The issue of Ordinary Shares and Investor Warrants represents the second tranche of the Financing and the issue price of the new Ordinary Shares is the closing bid price of the Ordinary Shares on 1 April 2016 in accordance with the provisions of the Financing.  The terms of the Investor Warrants are as explained in the announcement of 7 March 2016.

Application has today been made to the London Stock Exchange plc for the 55,555,550 New Ordinary Shares to be admitted to trading on the AIM market with admission expected to occur on 12 April 2016.  The issued new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares.

Following Admission, the issued ordinary share capital of Vast will consist of 2,255,464,146 Ordinary Shares. There are no Ordinary Shares held in treasury, therefore the total number of voting rights in the Company, following the issue of the 55,555,550 New Ordinary Shares is 2,255,464,146.

** ENDS **

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

Vast Resources plc
Roy Pitchford (Chief Executive Officer)	[phone] - Office Romania  [phone] - Mobile Romania  [phone] - Mobile UK
Roy Tucker (Finance Director)	[phone]   [phone]
Strand Hanson Limited - Financial & Nominated Adviser  James Spinney  James Bellman	www.strandhanson.co.uk   [phone]
Daniel Stewart and Company plc - Joint Broker  Martin Lampshire David Coffman	www.danielstewart.co.uk   [phone]
Dowgate Capital Stockbrokers Ltd - Joint Broker Jason Robertson Neil Badger	www.dowgatecapitalstockbrokers.co.uk  [phone]
St Brides Partners Ltd Charlotte Heap Susie Geliher	www.stbridespartners.co.uk   [phone]

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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

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