Issue of Equity

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)	[phone]  [phone]
Roy Pitchford (Chief Executive Officer)	[phone]  [phone]   [phone]
Strand Hanson Limited - Financial & Nominated Adviser  James Spinney  Ritchie Balmer  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 Hugo de Salis	www.stbridespartners.co.uk  [phone]

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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

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