Update on Broker

RNS Number : 1406I

Vast Resources PLC

06 August 2019

 

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

06 August 2019

Vast Resources plc
("Vast" or the "Company")

Update on Broker

Vast Resources plc, the AIM-traded mining company, notes the publication on the Financial Conduct Authority website on 5 August 2019 that the directors of SVS Securities plc ("SVS") have placed SVS into Special Administration.  SVS was a joint broker to the Company, however, SP Angel Corporate Finance LLP will continue to act, as sole broker to the Company thus ensuring the Company's ongoing compliance with its obligations under AIM Rule 35.

**ENDS**

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

Vast Resources plc Andrew Prelea (Chief Executive Officer) Andrew Hall (Head of Corporate Development & IR)	www.vastresourcesplc.com [phone]
Beaumont Cornish - Financial & Nominated Adviser  Roland Cornish  James Biddle	www.beaumontcornish.com [phone]
SP Angel Corporate Finance LLP - Broker Richard Morrison Caroline Rowe	www.spangel.co.uk  [phone]
Blytheweigh Tim Blythe Megan Ray	www.blytheweigh.com  [phone]

Notes

Vast Resources plc, is an AIM listed mining company with mines in Romania and Zimbabwe focused on the rapid advancement of high quality brownfield projects by recommencing production at previously producing mines in Romania and finalising its Chiadzwa Community Development Trust joint venture on the Heritage Concession (Block T1A of the Marange Diamond Fields) in Zimbabwe.

The Company's portfolio includes an 80% interest in the Baita Plai Polymetallic Mine in Romania, where work is currently underway towards developing and recommissioning the mine on completion of funding.

Vast Resources owns the Manaila Polymetallic Mine in Romania, which was commissioned in 2015, currently on care and maintenance, and is focused on its expansion through the development of a second open pit operation and new metallurgical complex at the Carlibaba Extension Area. 

 

END

 

 

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