Last checked at 23 Apr 2019 11:36
Result of General Meeting & Completion of Sale of Gold Assets
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
23 April 2019Vast Resources plc(“Vast” or the “Company”)
Result of General MeetingCompletion of Sale of Zimbabwe Gold Assets
Vast Resources plc, the AIM-listed mining company announces that at the Company's General Meeting, held earlier today, all resolutions were duly passed.
Following the approval by shareholders, all conditions precedent in relation to the sale by the Company of its 50.01% interest in Ronquil Enterprises (pvt) Ltd, through which the Company holds its Zimbabwe gold assets, being the remaining 25.01% economic interest in the Pickstone Peerless Gold Mine and associated assets (principally the Eureka Gold Mine) (the “Transaction”), have been satisfied and the Transaction has now completed.
**ENDS**
For further information, visit www.vastresourcesplc.com or please contact:
| Vast Resources plc Andrew Prelea (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 |
| SVS Securities Plc – Joint Broker Tom Curran Ben Tadd | www.svssecurities.com +44 (0) 20 3700 0100 |
| SP Angel Corporate Finance LLP – Joint Broker Richard Morrison Caroline Rowe | www.spangel.co.uk +44 (0) 20 3470 0470 |
| St Brides Partners Ltd Catherine Leftley Juliet Earl | www.stbridespartners.co.uk +44 (0) 20 7236 1177 |
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.