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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
7 Jul 2023 10:38

Vast Resources raises GBP1.7 million; breakeven at Baita Plai

(Alliance News) - Vast Resources PLC on Friday said it raised money through a share issue and reported operational breakeven for the Baita Plai polymetallic mine in Romania.

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4 Jul 2023 16:58

Vast Resources reports progress in resolving Zimbabwe claims

(Sharecast News) - Mining company Vast Resources updated the market on the extension to the settlement of its historic claims on Tuesday, reporting that in a bid to expedite the handover process, it decided to engage the deputy sheriff to retrieve the parcel from the Reserve Bank of Zimbabwe (RBZ) under a writ of execution issued by the High Court of Zimbabwe on 14 June.

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3 Jul 2023 17:31

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

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21 Jun 2023 11:49

IN BRIEF: Vast Resources agrees to debt extension with Mercuria

Vast Resources PLC - London-based mining company with projects in Romania and Zimbabwe - Agrees to debt extension with Mercuria Energy Trading SA to December 30, 2024. Last year, Vast Resources undertook a debt reduction of USD1.0 million to Mercuria, and secured a USD4.0 million asset backed debt facility from A&T Investments Sarl, arranged by Swiss investment banking boutique Alpha Credit SA. Total debt owed to Mercuria is GBP7.7 million.

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19 Jun 2023 15:46

UK shareholder meetings calendar - next 7 days

Tuesday 20 June 
Acceler8 Ventures PLCAGM
Afentra PLCAGM
Armadale Capital PLCAGM
Bay Capital PLCAGM
Blackrock Smaller Companies Trust PLCAGM
Block Energy PLCAGM
Corero Network Security PLCAGM
Coro Energy PLCAGM
Crimson Tide PLCAGM
Curtis Banks Group PLCAGM
EPE Special Opportunities LtdAGM
ICG-Longbow Senior Secured UK Property Debt Investments LtdAGM
Jersey Oil & Gas PLCAGM
Kore Potash PLCAGM
Lords Group Trading PLCAGM
Mission Group PLCAGM
North Atlantic Smaller Cos Investment Trust PLCAGM
Prospex Energy PLCAGM
Red Capital PLCAGM
Saga PLCAGM
SDX Energy PLCAGM
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Zegona Communications PLCAGM
Wednesday 21 June 
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Clean Power Hydrogen PLCAGM
Eqtec PLCAGM
Hydrogen Utopia International PLCAGM
HSS Hire Group PLCAGM
Intelligent Ultrasound Group PLCAGM
JD.com IncAGM
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Schroders Capital Global Innovation Trust PLCAGM
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Numis Corp PLCGM re acquisition by Deutsche Bank AG
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MaxRets Ventures PLCAGM
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Non-Standard Finance PLCAGM
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Rathbones Group PLCGM re agreement regarding all-share combination with Invested Wealth & Investment Ltd
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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15 May 2023 21:10

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

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12 Apr 2023 21:13

IN BRIEF: Vast Resources raises GBP1 million to fund projects

Vast Resources PLC - London-based mining company with projects in Romania and Zimbabwe - Raises GBP978,967 through a placing of 212.8 million shares at a price of 0.46 pence per share. Says it will use the cash for an immediate upgrade to underground equipment to maintain the underground production ramp up and the continuation of the ongoing drilling programme at the company’s Baita Plai Polymetallic mine in Romania. The company notes that Baita Plai is moving towards its name plate capacity of 14,000 tonnes per month in the first half of 2023, after seeing strong production and sales in the fourth quarter of 2022.

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12 Apr 2023 14:03

Vast upbeat on Baita Plai production, nears Zimbabwe settlement

(Sharecast News) - Mining company Vast Resources updated the market on its Baita Plai Polymetallic Mine on Wednesday, as well as the Takob mine in Tajikistan, and the settlement of a historic claim in Zimbabwe.

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3 Mar 2023 12:55

Vast Resources technical director makes sudden exit

(Sharecast News) - Vast Resources announced the resignation of its technical director from the board on Friday.

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6 Feb 2023 14:37

TRADING UPDATES: Vast Resources receives parcel release court order

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

Read more
6 Feb 2023 09:35

Vast Resources placing raises GBP2.4 million to fund ongoing drilling

(Alliance News) - Vast Resources PLC on Monday said it raised GBP2.4 million through a placing of 433.2 million new shares at 0.55 pence per share.

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2 Feb 2023 14:42

Vast Resources expects historic diamond parcel release in coming days

(Alliance News) - Vast Resources PLC on Thursday said the High Court of Zimbabwe has granted a default order against the Minister of Mines & Mining Development, in relation to the release of a historic parcel of diamonds.

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23 Jan 2023 11:27

Vast Resources shares up on "material progress" of claims in Zimbabwe

(Alliance News) - Vast Resources PLC shares jumped on Monday after it said "material progress" will be made regarding settlement claims in Zimbabwe during January.

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4 Jan 2023 15:23

Vast Resources reports 47pc uptick in Baita Plai production

(Sharecast News) - Mining company Vast Resources announced on Wednesday that it achieved a 47% quarter-on-quarter overall increase in copper concentrate production in the fourth quarter, as well as a 248% increase in copper concentrate sold and a 35% increase in copper concentrate grade from its Baita Plai polymetallic mine in Romania.

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