Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
18 May 2022
Vast Resources plc
(“Vast” or the “Company”)
Atlas Special Opportunities LLC
Vast Resources plc, the AIM-listed producing mining company, announces, that further to the announcement made on 16 May 2022 regarding the issued conversion notice by Atlas Special Opportunties LLC (“Atlas”), that notwithstanding the full repayment of the Bond, Atlas has responded claiming that the Conversion Notice for
Accordingly, the Company is taking legal advice in relation to the circumstances of the Notice and will report again to the market as soon as is possible.
In the meantime, the Company has taken no action in relation to the Notice including not making application for any shares in relation thereto to be admitted to trading on AIM.
**ENDS**
For further information, visit www.vastplc.com or please contact:
Vast Resources plc Andrew Prelea (CEO) Andrew Hall (CCO) | www.vastplc.com +44 (0) 20 7846 0974 |
Beaumont Cornish – Financial & Nominated Advisor Roland Cornish James Biddle | www.beaumontcornish.com +44 (0) 20 7628 3396 |
Shore Capital Stockbrokers Limited – Joint Broker Toby Gibbs / James Thomas (Corporate Advisory) | www.shorecapmarkets.co.uk +44 (0) 20 7408 4050 |
Axis Capital Markets Limited – Joint Broker Kamran Hussain | www.axcap247.com +44 (0) 20 3206 0320 |
St Brides Partners Limited Susie Geliher Charlotte Page | www.stbridespartners.co.uk +44 (0) 20 7236 1177 |
ABOUT VAST RESOURCES PLC
Vast Resources plc is a United Kingdom AIM listed mining company with mines and projects in
In
The Company's Romanian portfolio includes 100% interest in the producing Baita Plai Polymetallic Mine, located in the Apuseni Mountains, Transylvania, an area which hosts
The Company also owns the Manaila Polymetallic Mine in
The Company has also acquired an interest in a joint venture company which provides expsoure to a near term revenue opportunity from the Takob Mine processing facility in
In