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+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 ....
Vast Resources fails to secure debt financing for Romanian mining project Baita Mine Romania Author (Vast Resources) License: all rights reserved. BUCHAREST (Romania), January 7 (SeeNews) - UK-based Vast Resources Vast Resources said on Thursday that it has not been able to secure an asset-backed debt-financing process for its Baita Plai polymetallic mine in Romania. Vast Resources has been informed by the international banking institution 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, it said in a press release. The company has been given to understand that this decision is unrelated to its current mining activity and is not a negative reflection on the company s Baita Plai polymetallic mine, Vast Resources also said in the statement. ....
Thu, 7th Jan 2021 14:45 Exercise of Warrants and Issue of Equity Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 7 January 2021 Exercise of Warrants and Issue of Equity In line with its regulatory obligations, Vast Resources plc, the AIM-listed mining company, announces that, pursuant to the issue of warrants to subscribers to the open offer completed on 1 August 2016 (the “Open Offer Warrants”), holders of Open Offer Warrants have elected to exercise 376,374 Open Offer Warrants. Each Open Offer Warrant entitles the holder to one ordinary share of 0.1 pence each in the Company (“Ordinary Shares”) at a price of 0.5 pence per Ordinary Share. Notice of exercise of the Warrants was made prior to 1 January 2021 but was not received by Vast until 7 January 2021. Accordingly, the Company has today issued 376,374 new Ordinary Shares. £1,881.87 has been received by the Company as a result of the exercise of the Open Offer Warrants. ....
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+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 ....