· Jubilee secures investment from two blue chip institutions, including one new to the share register · The investment is made based on the Company s earnings and recognition of the accelerated implementation of its copper and cobalt strategy which holds the potential for enhanced sustainable and quality earnings growth · The substantial investment made by these blue chip institutions is facilitated by both the partial conversion of the convertible loan note held by ACAM LP, which facilitated the acquisition of the Sable Refinery in 2019, as well as a share contribution by certain Jubilee directors Leon Coetzer, Chief Executive Officer, says : This combined investment by two traditionally long term, supportive institutional shareholders is a milestone acknowledgement of the Company s achievements and brings recognition to the successful implementation of our strategy to date and our focus going forward.
Update on Asset Backed Debt Facility & Corporate Update
Nachrichtenquelle: globenewswire | 07.01.2021, 13:30 | 113 7 January 2021
Update on Asset Backed Debt Facility & Corporate Update Vast Resources plc, the AIM-listed mining company, announces that, following the announcement made on 16 December 2020 regarding the final credit committee meeting focused on the asset backed debt facility, the Company has been informed by the international banking institution “the Bank” that the credit committee is unable to proceed with the approval of transaction until the completion of certain corporate restructuring at which point the Bank will reassess the transaction. The Company has been given to understand that this decision is unrelated to its current mining activity and is
+44 (0) 20 7236 1177
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (“MAR”).
ABOUT VAST RESOURCES PLC
Vast Resources plc is a United Kingdom AIM listed mining company with mines and projects in Romania and Zimbabwe.
In Romania, the Company is focused on the rapid advancement of high-quality projects by recommencing production at previously producing mines.
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 Romania’s largest polymetallic mines. The mine has a JORC compliant Reserve & Resource Report which underpins the initial mine production life of approximately 3-4 years with an in-situ total mineral resource of 15,695 tonnes copper equivalent with a further 1.8M–3M tonnes exploration target. The Company is now working on
+44 (0) 20 7236 1177
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (“MAR”).
ABOUT VAST RESOURCES PLC
Vast Resources plc is a United Kingdom AIM listed mining company with mines and projects in Romania and Zimbabwe.
In Romania, the Company is focused on the rapid advancement of high-quality projects by recommencing production at previously producing mines.
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 Romania’s largest polymetallic mines. The mine has a JORC compliant Reserve & Resource Report which underpins the initial mine production life of approximately 3-4 years with an in-situ total mineral resource of 15,695 tonnes copper equivalent with a further 1.8M–3M tonnes exploration target. The Company is now working on
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