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Vast Resources PLC

Update on Broker

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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
+44 (0) 1491 615 232

Beaumont Cornish - Financial & Nominated Adviser 
Roland Cornish 
James Biddle

 

www.beaumontcornish.com
+44 (0) 020 7628 3396

SP Angel Corporate Finance LLP - Broker
Richard Morrison
Caroline Rowe

 

www.spangel.co.uk
 +44 (0) 20 3470 0470

Blytheweigh

Tim Blythe

Megan Ray

 

www.blytheweigh.com 

+44 (0) 20 7138 3204

 

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. 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Market: AIM
Market Cap: £11.41 m
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