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Pin to quick picksVast Res Share News (VAST)

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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
27 Jul 2022 06:53

IN BRIEF: Vast Resources expects big output rise at Baita Plai mine

Vast Resources PLC - London-based miner with projects in Romania and Zimbabwe - Gets mixed results from Baita Plai polymetallic mine in Romania in the second quarter of 2022 but expects this to improve. Produces 268 dry metric tonnes of copper concentrate, up 17% from 229 a year ago. Sells 183 dry metric tonnes of the material, down 22% from 234. Mills 11,292 metric tonnes of ore, 6% less than 12,103 a year ago.

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1 Jul 2022 06:59

IN BRIEF: Vast Resources's Takob almost refurbished; to process ore

Vast Resources PLC - London-based miner with projects in Romania and Zimbabwe - On June 30 announces its Takob plant in Tajikistan is in the final stages of refurbishment. Says equipment for the plant is expected to arrive on site in the first quarter of 2022. Anticipates royalty equivalent revenues. The processing of two months worth of stockpiled ore will start in July, firm adds.

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27 Jun 2022 21:15

TRADING UPDATES: 88 signs license agreement; Lekoil litigates

(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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25 May 2022 09:10

Vast Resources reaches settlement with Atlas; in Tajikistan deal

(Alliance News) - Vast Resources PLC on Tuesday said it reached an agreement with Atlas Special Opportunities LLC regarding its bond conversion notice.

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19 May 2022 09:12

IN BRIEF: Vast Resources seeks legal advice on Atlas conversion notice

Vast Resources PLC - London-based miner with projects in Romania and Zimbabwe - On Wednesday says it is seeking legal advice regarding the issued conversion notice for USD800,000 by Atlas Special Opportunities LLC. The USD800,000 was part of the repayment to Atlas instructed as of Friday last week, but for which a SWIFT confirmation was only received on Monday.

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16 May 2022 12:40

Vast Resources shares surge as it repays outstanding debt to Atlas

(Alliance News) Vast Resources PLC on Monday said it repaid all its outstanding bond debt to Atlas Special Opportunities LLC.

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13 May 2022 11:15

IN BRIEF: Vast Resources issues 150 million shares for bond conversion

Vast Resources PLC - London-based miner with projects in Romania and Zimbabwe - Issues 151.3 million new ordinary shares at 0.27 pence each, compared to Thursday closing price of 1.37p. Vast now has 760.5 million shares in issue, so the issuance represents 20% of the enlarged total. The share issuance is in response to London-based Atlas Special Opportunities LLC choosing to convert bonds of USD500,000 nominal value. On May 3, Atlas had given Vast a non legally binding verbal assurance that it would do no more conversions.

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3 May 2022 11:40

Vast Resources soars on jump in quarterly revenue and higher output

(Alliance News) - Vast Resources PLC's shares surged on Tuesday after the firm reported that revenue more than tripled in its first quarter on a contribution from Tajikistan and higher production.

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3 May 2022 11:29

AIM WINNERS & LOSERS: Hutchmed sinks on US FDA drug rejection

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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12 Apr 2022 11:56

Vast raises £0.42m to increase mining volumes at Baita Plai

(Sharecast News) - Vast Resources announced the raising of £0.42m on Tuesday, to support its planned increase in mining volumes at the Baita Plai Polymetallic Mine.

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31 Mar 2022 21:07

TRADING UPDATES: SSE's Transmission raises cash; Croda gets UK grant

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

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7 Feb 2022 15:54

IN BRIEF: Vast Resources pulls out of deal for Gem Diamonds Botswana

IN BRIEF: Vast Resources pulls out of deal for Gem Diamonds Botswana

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1 Feb 2022 22:07

TRADING UPDATES: BP signs biofuel deal; Elixirr expects revenue beat

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1 Feb 2022 14:42

Vast Resources pulls out of Ghaghoo venture with Botswana Diamonds

(Sharecast News) - Mining company Vast Resources pulled out of its joint venture acquisition of Gem Diamonds Botswana (GDB) on Tuesday.

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7 Dec 2021 12:05

Vast Resources appoints Andrew Hall to board as commercial director

(Sharecast News) - Vast Resources announced the formal appointment of Andrew Hall to the board as commercial director on Tuesday, with immediate effect.

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