Vast Resources takes ownership of Baita Plai to 100%, following resolution at annual meeting

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Following the passing of a resolution at a general meeting, Vast Resources PLC (LON:VAST) has acquired the remaining 20% interest in the Baita Plai polymetallic mine in Romania.

The acquisition has been satisfied through the issue of over 2.8bn shares.

Significant portions of these new shares have been issued to directors Roy Tucker and Andrew Prelea, as previously announced, and these are subject to a lock-up.

Vast will make its first commercial shipment of concentrate from Baita Plai this week.

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