TIDMVAST

RNS Number : 3462O

Vast Resources PLC

18 August 2017

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 plc                                www.vastresourcesplc.com 
 Roy Pitchford (Chief Executive Officer)           +44 (0) 20 7236 1177 
Beaumont Cornish - Financial & Nominated Adviser  www.beaumontcornish.com 
 Roland Cornish                                    +44 (0) 020 7628 3396 
 James Biddle 
Brandon Hill Capital Ltd - Joint Broker           www.brandonhillcapital.com 
 Jonathan Evans                                    +44 (0) 20 3463 5016 
Peterhouse Corporate Finance Ltd - Joint Broker   www.pcorpfin.com 
 Duncan Vasey                                      +44 (0) 20 7469 0936 
St Brides Partners Ltd                            www.stbridespartners.co.uk 
 Susie Geliher                                     +44 (0) 20 7236 1177 
 Charlotte Page

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").

This information is provided by RNS

The company news service from the London Stock Exchange

END

UPDUBOBRBNAWAAR

(END) Dow Jones Newswires

August 18, 2017 02:00 ET (06:00 GMT)

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