Vast Resources announces that it has raised £750,000 gross through a placing of 750,000,000 ordinary shares of 0.1p in the Company at a price of 0.1p per Ordinary Share representing a 19.3% discount to the 5-day VWAP. The Placing was undertaken by the Company's joint broker, Axis Capital Markets. The net cash raised from the Placing will be used to maintain the business to comply with the reorganisation plan at Baita Plai [...]
The following amendment has been made to the 'Corporate Update' announcement released on 10 October 2024 at 07:00. The date of the announcement referenced in the Corporate Update was 24 September 2024, not 23 September 2024. All other details remain unchanged. The full amended text is shown below. Vast Resources Plc / Ticker: VAST / Index: AIM / Sector: Mining 10 October 2024 Vast Resources plc Corporate Update Vast [...]
Vast Resources wishes to announce with respect to its announcement released on 23 September 2024, that the Attorney-General's Office has approved the terms of a settlement agreement relating to the Historic Claim and has recommended this to the relevant Governmental Institution for signature in order to resolve this longstanding matter. Accordingly, the fully executed settlement agreement is currently awaited to enable [...]
Vast Resources wishes to announce with respect to its announcement released on 23 September 2024 in terms of the short-term funding requirement, the Company is now expected to receive the proceeds from sales on or around the third week of October 2024 and in the meantime has made alternative arrangements with creditors to meet its immediate financial obligations. For further information, visit www.vastplc.com or please [...]
TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS i 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii: Vast Resources Plc 1b. Please indicate if the issuer is a non-UK issuer Non-UK issuer 2. Reason for the notification An acquisition or disposal of voting rights X An acquisition or disposal of financial instruments An event [...]
Vast Resources wishes to confirm with respect to its announcement released yesterday morning that there is no current enforcement threat against the Company or its assets on 26 September 2024 or on any other near term date noting that, whilst the Company is in default of the repayment terms to Alpha and Mercuria as notified on 29 April 2024 , both have confirmed to the Company that they do not currently expect to take [...]
Vast Resources wishes to announce a general update regarding the repayment of its asset-based debt facility and refinancing process. A&T Investments Sarl to which the Company has an outstanding debt of $5,820,000 has, as stated in the Company's announcement of 27 June 2024, given notice that it will commence enforcement procedures of the security given to it by a third party if the debt is not repaid in full by 26 [...]
Vast Resources is pleased to announce that it has signed two separate association agreements to process and market products from the former Hanes gold mine located in the Alba region of Romania. These association agreements are in alignment with a strategic ecological project encouraged by the Romanian government to clean up former era derelict mining areas in the Alba region of the country. The first agreement is [...]
TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS i 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii: Vast Resources Plc 1b. Please indicate if the issuer is a non-UK issuer Non-UK issuer 2. Reason for the notification An acquisition or disposal of voting rights X An acquisition or disposal of financial instruments An event [...]
TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS i 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii: Vast Resources Plc 1b. Please indicate if the issuer is a non-UK issuer Non-UK issuer 2. Reason for the notification An acquisition or disposal of voting rights X An acquisition or disposal of financial instruments An event [...]
Vast Resources is pleased to announce that the Head Licence number 999/1999, held by Baita SA, was extended for a further five years by way of Government Decision 6/2024 on 9 August 2024. The Company is now in the final stages of extending the Association Agreement, with the State Company Baita SA under the existing terms and conditions as the current agreement to allow for the continuing extraction of the polymetallic [...]
Vast Resources announces that it has received a Notice of Acceleration and Enforcement in relation to the Debt Facility. The Notice given is to the effect that if the outstanding debt of $5,820,000 is not repaid in full by 26 September 2024 it will then enforce the security given to Alpha by a third party which party would in turn have recourse to Vast. At the time the third party security was provided, the asset was [...]
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