Matching terms for US$10 million investment

RNS Number : 3462O

Vast Resources PLC

18 August 2017

 

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

18 August 2017

Vast Resources plc

("Vast" or "the Company")

Conditional Heads of Terms for US$10 million Investment: Matching terms

Vast Resources plc, the AIM-listed mining company with operations in Romania and Zimbabwe, announces that following the announcement on 24 July 2017 in which the Company revealed that Conditional Heads of Terms had been signed with a corporate finance and investment firm with significant experience in and investment in Romania (the 'Investor') relating to a proposed investment of up to US$10 million, Sub-Sahara Goldia Investments ('Sub-Sahara') has exercised its right to provide equivalent finance to the proposed investment on the same terms and conditions in place of the finance from the Investor.

Sub-Sahara has also stated that it wishes to work with the Investor, using the Investor's expertise in Romania, to develop the Romanian assets.  Sub-Sahara has invited the Investor to meet in order to decide on a mutually beneficial way forward.  This meeting is expected to take place shortly.

**ENDS**

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

Vast Resources plc Roy Pitchford (Chief Executive Officer)	www.vastresourcesplc.com [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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