Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
28 May 2019
Vast Resources plc
("Vast" or the "Company")
Result of General Meeting and Corporate Update
Vast Resources plc, the AIM-listed mining company with assets in
Additionally, the Company would like to provide a corporate update on its activities in
Corporate Update
· Vast has engaged with SRK Consulting (
· The Company has retained a specialist natural resources debt adviser, Carlingford, a division of GFI Brokerage Ltd., for the purposes of assessing debt capital for Vast's continued development. It will also assist the Company with the structuring of the loan finance from the Swiss Bank, which has given Vast a draft indicative term sheet containing the material indicative terms for loan finance of up to
· Due Diligence with the Swiss Bank is progressing.
· The Company is also in possession of an indicative financing term sheet in connection with the Heritage Concession in
· Discussions towards finalisation of the contract in relation to the Heritage Concession are progressing well. Additionally, the Company is pleased to see the change in government policy which has resulted in the cancellation of the country's indigenisation laws for diamonds.
**ENDS**
For further information, visit www.vastresourcesplc.com or please contact:
Vast Resources plc |
www.vastresourcesplc.com |
Beaumont Cornish - Financial & Nominated Adviser |
www.beaumontcornish.com |
SVS Securities Plc - Joint Broker |
www.svssecurities.com |
SP Angel Corporate Finance LLP - Joint Broker |
www.spangel.co.uk |
Blytheweigh |
www.blytheweigh.com |
Notes
Vast Resources plc, is an AIM listed mining company with mines in
The Company's portfolio includes an 80% interest in the Baita Plai Polymetallic Mine in
Vast Resources owns the Manaila Polymetallic Mine in
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