Last checked at 18 Aug 2017 07:00
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
18 August 2017
Vast Resources plc
("Vast" or "the Company")
Conditional Heads of Terms for US$10 million Investment: Matching terms
Vast Resources plc, the AIM-listed mining company with operations in Romania and Zimbabwe, announces that following the announcement on 24 July 2017 in which the Company revealed that Conditional Heads of Terms had been signed with a corporate finance and investment firm with significant experience in and investment in Romania (the 'Investor') relating to a proposed investment of up to US$10 million, Sub-Sahara Goldia Investments ('Sub-Sahara') has exercised its right to provide equivalent finance to the proposed investment on the same terms and conditions in place of the finance from the Investor.
Sub-Sahara has also stated that it wishes to work with the Investor, using the Investor's expertise in Romania, to develop the Romanian assets. Sub-Sahara has invited the Investor to meet in order to decide on a mutually beneficial way forward. This meeting is expected to take place shortly.
**ENDS**
For further information, visit www.vastresourcesplc.com or please contact:
Vast Resources plcRoy Pitchford (Chief Executive Officer) | www.vastresourcesplc.com +44 (0) 20 7236 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 LtdSusie GeliherCharlotte 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").