CORRECT (May 3): Vast Resources in talks for restructuring finance
(Clarifies that financing discussions are with an unnamed Swiss investment company.)
Read moreThu, 10th Dec 2020 11:11
(Clarifies that financing discussions are with an unnamed Swiss investment company.)
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Read moreVast Resources PLC - mining company with operations in Central Asia, Eastern Europe and Africa - On Monday, noted that debt due to A&T Investments SARL, known as Alpha, is about USD5.5 million, with USD1.5 million due next week Tuesday. A further USD1.5 million will be due to be repaid 60 days from the first repayment. Vast Resources is in advanced discussions with the owner of Swiss investment company Mercuria Energy Trading SA for the provision of major restructuring finance for Vast Resources, including debt owed to Alpha. Vast owes Mercuria around USD3.9 million, with Mercuria confirming a further extension.
Read moreVast Resources PLC - Mining company with operations in Central Asia, Eastern Europe and Africa - Signs new exclusive offtake agreement with Trafigura Group Pte for copper concentrate produced at its Baita Plai mine in Transylvania. Trafigura is a Singapore-headquartered commodity trading company focused on base metals and energy commodities. The pair previously signed an offtake agreement for Vast's Takob mine in Tajikistan. The latest deal will be in place until June 2025. Vast says that copper concentrate production has been ramping up at Baita Plai, increasing 24% between the fourth quarter of 2022 and 2023, and that recent refurbishments will result in an improvement to the grade of concentrate produced at the mine.
Read more(Sharecast News) - Vast Resources announced a new exclusive offtake agreement with Trafigura Group on Wednesday, for all copper concentrate produced at the Baita Plai Polymetallic Mine in Romania.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Read moreFriday 23 February | |
Blencowe Resources PLC | AGM |
Bluebird Merchant Ventures Ltd | AGM |
Caledonian Trust PLC | AGM |
Chemring Group PLC | AGM |
Marble Point Loan Financing Ltd | EGM |
Monday 26 February | |
Oncimmune Holdings PLC | AGM |
Tuesday 27 February | |
abrdn Diversified Income & Growth PLC | AGM |
Asian Energy Impact Trust PLC | GM re annual accounts |
Custodian Property Income REIT PLC | GM re merger with abrdn Property Income Trust Ltd |
JPMorgan Mid Cap Investment Trust PLC | GM 2nd re merger with JPMorgan Mid Cap |
LondonMetric Property PLC | GM re merger with LXi REIT Plc |
Victorian Plumbing Group PLC | AGM |
Vinanz Ltd | AGM |
Wednesday 28 February | |
abrdn Property Income Trust Ltd | GM re merger with Custodian Property Income REIT PLC |
Beacon Rise Holdings PLC | EGM re continued pursuit of an acquisition |
Downing Strategic Micro-Cap Investment Trust PLC | GM re managed wind-down |
Image Scan Holdings PLC | AGM |
PPHE Hotel Group Ltd | EGM re waiver of mandatory offer provisions |
Verditek PLC | GM re disposal of solar business |
Thursday 29 February | |
Capital for Colleagues PLC | AGM |
Home REIT PLC | AGM |
IntegraFin Holdings PLC | AGM |
Intuitive Investments Group PLC | AGM |
Shanta Gold Ltd | GM re acquisition by ETC Holdings |
Vast Resources PLC | GM re capital reorganisation |
Watkin Jones PLC | AGM |
Zytronic PLC | AGM |
Comments and questions to newsroom@alliancenews.com | |
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(Alliance News) - Vast Resources PLC shares plunged on Wednesday, after it announced a general meeting to propose issuing new shares to potentially repay creditors.
Read more(Sharecast News) - Mining company Vast Resources released its fourth quarter production figures for the Baita Plai polymetallic mine in Romania on Wednesday, extracting 24,178 tonnes of material in the period, yielding 562 dry metric tonnes (DMT) of concentrate with a copper concentrate grade of 18%.
Read moreVast Resources PLC - mine development company with interests in Romania, Tajikistan and Zimbabwe -
Read more(Alliance News) - Vast Resources PLC shares sank on Tuesday, after announcing a GBP1.3 million placing to cover development expenses at its Romanian mine.
Read more(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.
Read more(Sharecast News) - Mining company Vast Resources announced a three-year marketing agreement with a Swiss investment firm on Monday, for the exclusive distribution of high-grade platinum group metal (PGM) concentrates produced within the EU.
Read more(Alliance News) - Vast Resources PLC on Monday said it executed a three-year exclusive marketing agreement for distributing high-grade platinum group metals concentrates produced in the EU.
Read more(Alliance News) - Vast Resources PLC on Tuesday said it completed the necessary due diligence to acquire a company with interests in Aprelevka, which owns a number of highly prospective mining assets in Central Asia.
Read more