Vast Resources plc, the AIM-listed mining company, announces that the Company has elected to pay the interest of $29,591.45 due on 29 June 2020 on the $7,101,947 Bond issued to Atlas announced on 31 January 2020 by the issue of 13,915,053 shares (the 'Issue Shares') at an issue price of 0.17271 pence per share.

Under the terms of the Atlas Bond Issuance Deed the Company is entitled to elect to make payment of interest on the Bond in shares at an issue price of 90% of the Volume Weighted Average Price of the Company's shares on the business day prior to the interest payment date.

Admission of and dealings in the Issue Shares

Application is being made for the Issue Shares to be admitted to trading on AIM ('Admission') and it is expected that Admission will become effective and dealing in the Issue Shares will commence on or around 3 July 2020. The Issue Shares will rank pari passu with existing Ordinary Shares.

Contact:

Tel: +44 (0) 20 7846 0974

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').

ABOUT VAST RESOURCES PLC

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 commencement of the joint venture mining agreement on the Chiadzwa Community Concession Block of the Chiadzwa Diamond Fields in Zimbabwe.

The Company's portfolio includes an 80% interest in the Baita Plai Polymetallic Mine in Romania, where work is now currently underway towards developing and recommissioning the mine and the Community Concession Block in Chiadzwa, Zimbabwe.

(C) 2020 Electronic News Publishing, source ENP Newswire