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0.435
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0.42
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Don't have an account? Click here to register.Vast Resources raises ?0.9m through placing
Thu, 30th May 2019 14:44
(Sharecast News) - Mining company Vast Resources has raised £0.9m before costs through a placing of 775,862,068 ordinary shares at a price of 0.116p each, it announced on Thursday.The AIM-traded firm said the placing shares were issued under existing authorities available to the board relating to the Baita Plai Polymetallic Mine, and for general corporate purposes.It said the cash raised from the placing had been calculated to be sufficient to meet all the company's financing needs in connection with its activities in Romania, as well as general working capital until it could draw down its loan finance.Vast had announced on 29 April that it had received a draft term sheet containing the material indicative terms from a Swiss bank for loan finance of up to $10m.That was to be applied in connection with the firm's Romanian projects, including full repayment of the $4m plus accrued interest by the company to Mercuria."While due diligence on the provision of the Swiss bank loan finance or any equivalent progresses, the company plans to incur some of the necessary pre-production expenditure for Baita Plai in advance of the receipt of the loan finance," the board said in its statement."This will significantly reduce the lead time up to commencement of production."Vast said the pre-production expenditure would include the start of the installation of a seven-kilometre tailings pipe to the tailings dam and, as was required in the company's licence, the installation of a new and independent electricity supply at Baita Plai in addition to the supply the company had already installed.Expenditure would also include the cost of the independent report from SRK Consulting, as mentioned in its announcement on 28 May.The money raised from the placing would be applied for those purposes, as well as for general expenses at Baita Plai and for general corporate purposes.
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3 Mar 2023 12:55
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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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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.
Read more2 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.
Read more23 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.
Read more4 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.
Read more4 Jan 2023 12:18
Vast Resources sees fourth quarter production increase; sales multiply
(Alliance News) - Vast Resources PLC on Wednesday said fourth quarter copper production was up from the third quarter at its Baita Plai polymetallic mine in Romania.
Read more16 Dec 2022 14:33
Vast Resources Romania mine production up; second shipment delivered
(Alliance News) - Vast Resources PLC on Friday said fourth quarter production was up compared to the previous quarter at its Baita Plai Polymetallic Mine in Romania.
Read more24 Nov 2022 15:44
UK shareholder meetings calendar - next 7 days
| Friday 25 November | |
| 600 Group PLC | GM annual report |
| Aveva Group PLC | GM and Court Meeting re Schenider Electric takeover offer |
| Base Resources Ltd | AGM |
| European Metals Holdings Ltd | AGM |
| Neometals Ltd | AGM |
| Quadrise Fuels International PLC | AGM |
| ScS Group PLC | AGM |
| Sylvania Platinum Ltd | AGM |
| Windar Photonics PLC | GM re placing of new ordinary shares |
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| Crown Place VCT PLC | AGM |
| European Smaller Cos Trust PLC | AGM |
| JPMorgan Global Emerging Markets Income Trust PLC | AGM |
| PRS REIT PLC | AGM |
| Psych Capital PLC | AGM |
| Seeing Machines Ltd | AGM |
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| Aura Energy Ltd | AGM |
| Bluefield Solar Income Fund Ltd | AGM |
| Castillo Copper Ltd | AGM |
| Challenger Energy Group PLC | AGM |
| CT Property Trust Ltd | AGM |
| Duke Royalty Ltd | AGM |
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| MC Mining Ltd | AGM |
| Pires Investments PLC | AGM |
| Renishaw PLC | AGM |
| Thursday 1 December | |
| Aptamer Group PLC | AGM |
| Bowleven PLC | AGM |
| CQS New City High Yield Fund Ltd | AGM |
| essensys PLC | AGM |
| James Halstead PLC | AGM |
| Kin & Carta PLC | AGM |
| Transense Technologies PLC | AGM |
| Vast Resources PLC | AGM |
| Virgin Wines UK PLC | AGM |
| Copyright 2022 Alliance News Limited. All Rights Reserved. | |
15 Nov 2022 08:02
IN BRIEF: Vast Resources starts loading for Romanian concentrate sale
Vast Resources PLC - London-based miner with projects in Romania and Zimbabwe - On Monday starts loading for the planned concentrate sale from its Baita Plai polymetallic mine in Transylvania, Romania. Says it will be the largest tonnage delivery made to its offtake partner for a single month. Vast Resources says it is planning its next concentrate sale in the first half of December this year.
Read more31 Oct 2022 19:58
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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:
Read more24 Oct 2022 07:28
IN BRIEF: Vast Resources sees quarterly production rise at Baita Plai
Vast Resources PLC - London-based miner with projects in Romania and Zimbabwe - On Friday, says production from its Baita Plai polymetallic mine in Romania increased by 20% in the third quarter. The last month of the quarter saw an increase in output via the utilisation of Mantis rigs, resulting in a "significant increase in tonnes mined and the quality of the concentrate produced from an average of 16% in July and August to over 22% with peaks of 29%".
Read more21 Oct 2022 14:03
Vast reports 20pc uptick in Baita Plai production
(Sharecast News) - Vast Resources announced a 20% overall increase in third quarter production from its Baita Plai Polymetallic Mine in Romania on Friday.
Read more17 Oct 2022 16:04
UK shareholder meetings calendar - next 7 days
| Tuesday 18 October | |
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| Diverse Income Trust | AGM |
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| Empyrean Energy PLC | GM annual report approval |
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| Made Tech Group PLC | AGM |
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| abrdn UK Smaller Companies Growth Trust PLC | AGM |
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| Gateley Holdings PLC | AGM |
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| Vast Resources PLC | GM equity securities allotment |
| Copyright 2022 Alliance News Limited. All Rights Reserved. | |