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TRADING UPDATES: Northern Venture Trust share offer fully subscribed

Fri, 03rd Mar 2023 21:52

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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Vast Resources PLC - mining company with projects in Romania and Zimbabwe - Says technical programme report has been received for Baita Plai project, which sets out the plan for a drilling programme. Notes that 15,870 metres of drilling planned across 59 locations, with 10,890 metres planned at Baia Rosie, and 4,980 metres at Antonio. Says the programme will give potential to extend Antonio ore zone, and open Baia Rosie as a new mining area. "The receipt of the recommendations and conclusions of the Report is an important step in potentially extending the mining area at Baita Plai from its existing base and creating a much enlarged Mineral Resource," Chief Executive Andrew Prelea comments.

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Northern Venture Trust PLC - venture capital trust - Announces its share offer to raise GBP6.0 million is fully subscribed, and no further applications will be accepted. Says offers by Northern 2 VCT PLC and Northern 3 VCT PLC to raise up to GBP6.0 million each remain open, up to March 31.

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Evraz PLC - London-based steelmaker - Says it can no longer release regulatory news announcements via a primary information provider as of March 1. Says services were suspended by its PIP after it recently decided suspend its coverage due to the sanctions placed on Evraz. Notes that it was informed by its former PIP, RNS, in May last year about the discontinuation of its services to the company because of sanctions on the company. Says it has made enquiries to other PIPs authorised by the UK Financial Conduct Authority, but that none were willing to work with Evraz. Adds that it will continue to release regulatory information on its website.

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By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
12 Apr 2019 10:47

Vast Resources raises cash for Romania and Zimbabwe projects

(Sharecast News) - Mining company Vast Resources has raised a total of £600,000 before costs via a placing and subscription to help fund its Baita Plai metal mine in Romania and its Heritage diamond mine in Zimbabwe.

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12 Apr 2019 09:39

Vast Resources Raises GBP600,000 For Romania And Zimbabwe Projects (ALLISS)

LONDON (Alliance News) - Vast Resources PLC on Friday said it has raised GBP600,000 through a 444.4 million share placing and subscription priced at 0.135 pence per share to support its operations

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11 Apr 2019 17:20

Vast Resources Progresses Funding For Baita Plai Mine In Transylvania

LONDON (Alliance News) - Vast Resources PLC on Thursday said it is expecting term sheets for the loan finance needed to bring its polymetallic Baita Plai mine in Transylvania into in Vast closed a

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11 Apr 2019 09:58

Vast Resources awaiting term sheets for Baita Plai financing

(Sharecast News) - Mining outfit Vast Resources said it is now waiting for term sheets from two financial institutions for loan finance to bring its Baita Plai project into production, alongside progress in its discussions to bring on board a cornerstone equity investor.

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8 Apr 2019 13:58

Vast Resources Sells Zimbabwean Gold Assets To Focus On Core Sites

LONDON (Alliance News) - Vast Resources PLC is to ask shareholders for approval to change its accounting dates and also sell off its Zimbabwean gold assets, it said Monday.Vast is looking a

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4 Mar 2019 09:51

Vast Resources Raises GBP852,500 In Share Issue For Operations (ALLISS)

LONDON (Alliance News) - Vast Resources PLC on Monday said it has raised GBP852,500 through a placing and subscription of shares in the company, raising funds for operational and corporate in the

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22 Feb 2019 09:04

Vast Resources Cancels Funding Arrangement With Bergen (ALLISS)

LONDON (Alliance News) - Miner Vast Resources PLC shares rose Friday as it terminated a funding deal with a New York-based partner.Shares were 8.1% higher on Friday at a price of 0.18 pence

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13 Feb 2019 16:05

Vast Resources Raises GBP896,000 Via Share Placing, Subscription (ALLISS)

LONDON (Alliance News) - Vast Resources PLC said Wednesday that it has raised in GBP896,000 in gross proceeds via placing and subscription of 663.7 million shares at 0.135 pence per in the company

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8 Feb 2019 09:55

Vast Resources Appoints Paul Fletcher As Chief Financial Officer

LONDON (Alliance News) - Mining firm Vast Resources PLC on Friday said it has appointed Paul Fletcher as chief financial officer with immediate effect.He will replacing Carl Kindinger, who

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8 Feb 2019 08:48

Vast Resources appoints Paul Fletcher as new CFO

(Sharecast News) - Mining outfit Vast Resources appointed former Bunge executive Paul Fletcher as chief financial officer on Friday, with immediate effect.

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22 Jan 2019 14:43

Vast Resources Secures Further Assay Results From Blueberry Project

LONDON (Alliance News) - Vast Resources PLC on Tuesday reported further assay results from the exploration programme undertaken at the Blueberry Project in western Romania.Vast Resources in

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21 Jan 2019 11:21

Vast Resources In Advanced Talks To Secure Replacement Finance

LONDON (Alliance News) - Vast Resources PLC on Monday said it is advanced talks with other off-take partners to replace financing agreed with Mercuria Energy Trading SA, which last week backed out

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21 Jan 2019 08:29

Vast Resources looking for new offtake prepayment finance

(Sharecast News) - Romania and Zimbabwe-focussed mining company Vast Resources updated the market on the situation regarding Mercuria Energy on Monday.

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24 Dec 2018 09:55

Vast Resources narrows losses on improved gold production

(Sharecast News) - Vast Resources narrowed losses in the first half of its trading year on the back of a sharp rise in gold production despite declining production levels of other metals.

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20 Dec 2018 14:47

Vast Resources enters into $3m bridge facility

(Sharecast News) - Romania and Zimbabwe-focussed mining company Vast Resources has entered into a $3m bridge facility with the Bergen Global Opportunity Fund, it announced on Thursday.

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