Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mines
June 29, 2020
Vast Resources plc
(“Vast” or the “Company”)
Atlas Special Opportunities LLC Interest Payment Option
Vast Resources plc, the listed mining company AIM, announces that the Company has chosen to pay the interest of $ 29,591.45 due on June 29, 2020 on the $ 7,101,947 of bonds issued to Atlas announced on January 31, 2020 by the ‘issue of 13,915,053 shares (the’ Shares’) at the issue price of 0.17271 pence per share. Under the terms of the Atlas bond issue act, the company is entitled to choose to pay the interest on the bond in shares at an issue price of 90% of the weighted average price depending on the volume of shares. of the company on the working day preceding the interest. payment date.
Admission and trading of issued shares
A request is in progress for Admission Shares to be admitted to trading on AIM (“Admission”) and it is expected that Admission will become effective and that Processing of Emission Shares will begin on or around July 3 2020. The Issue Shares will rank equally with the existing Ordinary Shares.
After Admission, the total issued share capital of the Company will be 11,602,575,696. Following the admission of the second tranche of investment shares on or around July 6, 2020, as announced on June 22, 2020, the share capital total issued share capital of the Company will be 12,213,631,251. The above figures of 11,602,575,696 and 12,213,631,251 respectively may be used by the shareholders, after the respective dates of issue of the Shares, as the denominator for the calculations by which they will determine whether they are required to notify their interest in Vast under the FCA. and transparency rule.
For more information, visit www.vastplc.com or contact:
|Vast Resources plc|
Andrew Prelea (President and Chief Executive Officer)
+44 (0) 20 7846 0974
|Beaumont Cornish – Financial advisor and designated |
+44 (0) 020 7628 3396
|SP Angel Corporate Finance LLP – Joint Broker |
+44 (0) 20 3470 0470
|Axis Capital Markets Limited – Joint Broker |
+44 (0) 20 3206 0320
+44 (0) 20 7138 3204
The information contained in this announcement is considered by the Company to constitute inside information as stipulated in the Market Abuse Regulation (EU) No. 596/2014 (“MAR”).
ABOUT VAST RESOURCES PLC
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 resuming production in mines previously in production in Romania and starting the agreement mining joint venture on the Chiadzwa community concession block of the Chiadzwa 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 to develop and return to service the mine and the community concession block in Chiadzwa, Zimbabwe.
Vast Resources owns the Manaila polymetallic mine in Romania, which was commissioned in 2015, currently in charge of servicing and maintenance.
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