Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
3 July 2023
Vast Resources plc
(‘Vast’ or the ‘Company’)
Vast Resources plc, the AIM-listed mining company, is pleased to announce an update in relation to the Asset Backed Debt facility from A&T Investments SARL (“Alpha”) as announced on 16 May 2022, the debt owed to Mercuria Energy Trading SA (“Mercuria”) relating to Tranche A of the Prepayment Agreement announced on 21 March 2018.
As announced on the 15 May 2023, the totality of the debt owed to Mercuria and Alpha (currently approx.
The Company is in discussions with Mercuria and Alpha about a further extension in view of the anticipated settlement of the historic claims.
The Company will update the market with further details in due course.
For further information, visit www.vastplc.com or please contact:
|Vast Resources plc|
Andrew Prelea (CEO)
Andrew Hall (CCO)
+44 (0) 20 7846 0974
|Beaumont Cornish – Financial & Nominated Advisor|
+44 (0) 20 7628 3396
|Shore Capital Stockbrokers Limited – Joint Broker |
Toby Gibbs / James Thomas (Corporate Advisory)
+44 (0) 20 7408 4050
|Axis Capital Markets Limited – Joint Broker |
+44 (0) 20 3206 0320
|St Brides Partners Limited|
+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
The Company's Romanian portfolio includes 100% interest in Vast Baita Plai SA which owns 100% of 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
Vast has an interest in a joint venture company which provides a share of revenue generated from the Takob Mine processing facility in