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VAST Vast Resources Plc

0.43
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vast Resources Plc LSE:VAST London Ordinary Share GB00BQ7WTT20 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.43 0.41 0.45 0.43 0.41 0.43 14,926,062 15:22:15
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Nonmtl Minrl Svcs, Ex Fuels 3.72M -10.51M -0.0024 -1.79 18.69M

Vast Resources plc Update On Proposed $9.5 Million Pre-Payment Off-take With Mercuria Energy Group

09/03/2018 4:00pm

UK Regulatory


 
TIDMVAST 
 
 
   Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 
 
   9 March 2018 
 
   Vast Resources plc 
 
   ("Vast" or the "Company") 
 
   Update on proposed $9.5 million Pre-Payment Off-take with Mercuria 
Energy Group 
 
   Vast Resources plc, the AIM-listed mining company with operating mines 
in Romania and Zimbabwe, announces updates as follows: 
 
   Sub-Sahara Goldia Investments 
 
   The Company wishes to confirm that it has received written confirmation 
from Sub-Sahara Goldia Investments ('SSGI') with regard to the US$1.68 
million bridging loan due for repayment on 9 March 2018 to be made on or 
before 21 March 2018.  SSGI has reserved all its rights should the 
payment not happen by this date. 
 
   **ENDS** 
 
   For further information, visit www.vastresourcesplc.com or please 
contact: 
 
 
 
 
Vast Resources plc                                www.vastresourcesplc.com 
 Andrew Prelea (Chief Executive Officer)           +44 (0) 20 7236 1177 
Beaumont Cornish - Financial & Nominated Adviser  www.beaumontcornish.com 
 Roland Cornish                                    +44 (0) 020 7628 3396 
 James Biddle 
Brandon Hill Capital Ltd - Joint Broker           www.brandonhillcapital.com 
 Jonathan Evans                                    +44 (0) 20 3463 5016 
SVS Securities Plc - Joint Broker                 www.svssecurities.com 
 Tom Curran                                        +44 (0) 20 3700 0100 
 Ben Tadd 
 
  St Brides Partners Ltd                            www.stbridespartners.co.uk 
  Susie Geliher                                     +44 (0) 20 7236 1177 
  Charlotte Page 
 
 
   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"). 
 
   Notes 
 
   Vast Resources plc is an AIM listed mining and resource development 
company focussed on the rapid advancement of high quality brownfield 
projects and recommencing production at previously producing mines in 
Romania. 
 
   Vast Resources currently owns and operates the Manaila Polymetallic Mine 
in Romania, which was commissioned in 2015 and is focussed on its 
expansion through the development of a second open pit operation and new 
metallurgical complex at the Carlibaba Extension Area.  The Company's 
portfolio also includes an 80% interest in the Baita Plai Polymetallic 
Mine in Romania, where work is currently underway towards obtaining the 
relevant permissions to start developing and ultimately commissioning 
the mine. 
 
   The Company also has interests in a number of projects in Southern 
Africa including a controlling 25% interest in the producing 
Pickstone-Peerless Gold Mine in Zimbabwe. 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Vast Resources plc via Globenewswire 
 
 
  http://www.acrplc.com/ 
 

(END) Dow Jones Newswires

March 09, 2018 11:00 ET (16:00 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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