Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
1 March 2017
Vast Resources plc
(“Vast” or the “Company”)

Exercise of Warrants and Issue of Equity

VAST Resources plc, the AIM-listed mining company with operations in Romania and Zimbabwe, announces that Bracknor Fund Limited (“Bracknor”) has given notice to the Company that it elects to convert the remaining 37,500,000 of its warrants (“Warrants”) into 37,500,000 ordinary shares of 0.1pence each (the “Warrant Shares”) at an exercise price of 0.4 pence per share in accordance with the terms of the Subscription Agreement as announced on 11 October 2016. Notice of exercise of the Warrants was received by Vast on 28 February 2017.

A subscription price of 150,000 is due to be paid to the Company by Bracknor pursuant to the exercise of Warrants.

As announced on 22 November 2016, no Fee Loan Notes or any other loan obligations remain outstanding to Bracknor. Following this exercise of Warrants, no further Warrants remain outstanding to Bracknor.

Application will be made to the London Stock Exchange plc for 37,500,000 new Ordinary Shares to be admitted to trading on the AIM market with admission expected to occur on or around 6 March 2017 (“Admission”). 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 4,585,685,288 Ordinary Shares. There are no Ordinary Shares held in treasury. 4,585,685,288 represents the total number of voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

**ENDS**

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

Vast Resources plc
Roy Pitchford (Chief Executive Officer)


+44 (0) 207 236 1177

Beaumont Cornish – Financial & Nominated Adviser
Roland Cornish
James Biddle

www.beaumontcornish.com
+44 (0) 020 7628 3396
Brandon Hill Capital Ltd – Joint Broker
Jonathan Evans

www.brandonhillcapital.com
+44 (0) 20 3463 5016
Peterhouse Corporate Finance Ltd – Joint Broker
Duncan Vasey
www.pcorpfin.com
+44 (0) 20 7469 0936

St Brides Partners Ltd
Susie Geliher
Charlotte Page
www.stbridespartners.co.uk
+44 (0) 20 7236 1177

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”).

**ENDS**


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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