Latest Share Chat

Vast Res Share News (VAST)

Vast Res Information

Buy VAST Shares
Add VAST to Watchlist
Add VAST to Alert

Share Price Information for Vast Res (VAST)

Share Price is delayed by 15 minutes

Get Live Data

Share Price: 0.23

Bid: 0.22

Ask: 0.24

Change: 0.005 (2.22%)

Spread: 0.02 (9.091%)

Open: 0.225

High: 0.23

Low: 0.225

Prev. Close: 0.225

Last checked at -

Vast Resources Requests First Tranche Of Atlas Capital Funding

Thu, 02nd Jan 2020 12:16

(Alliance News) - Vast Resources PLC on Thursday said it has submitted a drawdown request for the first tranche of its funding facility to Atlas Capital Markets Ltd.

Shares in Vast Resources were down 5.7% at 0.23 pence in London shortly after midday.

The AIM-listed miner submitted the request under its binding conditional bond issue deed for up to USD15 million with with UK-based fund Atlas Capital.

The bonds are to be issued in four tranches of USD7.1 million, USD4.5 million, USD2.1 million, and USD1.4 million based on Vast's cashflow requirements. The money is intended to fully fund Vast's quest to reach production as the Baita Plai polymetallic mine in Romania and at the Chiadzwa Community diamond concession in Zimbabwe.

By Anna Farley; annafarley@alliancenews.com

More News

11 Nov 2019 11:55

Paul Fletcher joining Vast Resources board as finance director

(Sharecast News) - Mining company Vast Resources announced the appointment of Paul Fletcher as its finance director on Monday, with immediate effect.

30 Oct 2019 16:10

UK Shareholder Meetings Calendar - Next 7 Days

22 Oct 2019 15:34

Vast Resources Down After Chiadwza Diamond Project Financing Delay

11 Oct 2019 15:44

Vast Resources reassures shareholders over Chiadzwa progress

(Sharecast News) - Mining company Vast Resources updated the market on progress at the Chiadzwa Community Diamond Project on Friday.

8 Aug 2019 11:10

Vast Resources Raises GBP655,000 To Fund Zimbabwe Operations

(Alliance News) - Vast Resources PLC said Thursday it has raised GBP655,000 through a placing and subscription, which will go towards strategic operational requirements in Zimbabwe.Vast at

17 Jun 2019 09:36

Vast Resources reaches agreement over Heritage Diamond Concession

(Sharecast News) - Vast Resources updated the market on the Heritage Diamond Concession on Monday, reporting that following a number of meetings in Harare last week between its senior management, local community leaders and the parastatal Zimbabwe Consolidated Diamond Company (ZCDC), a road map to closing the agreements that would enable the firm to mine on the concession had now been established.

30 May 2019 14:44

Vast Resources raises ?0.9m through placing

(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.

30 May 2019 11:27

Vast Resources Raises GBP900,000 In Placing To Progress Baita Plai (ALLISS)

LONDON (Alliance News) - Vast Resources PLC said Thursday it has raised GBP900,000 through a placing, the proceeds will go towards progressing work at the Baita Plai polymetallic mine in Romania a

28 May 2019 15:10

Vast Resources Hires Debt Advisor To Help Structure Swiss Bank Loan

LONDON (Alliance News) - Vast Resources PLC on Tuesday said it has retained a specialist natural resources debt advisor to assess its debt capital and help with the structuring of its Swiss Bank -

29 Apr 2019 17:40

Vast Resources Gets Draft Indicative Terms For USD10 Million Loan

LONDON (Alliance News) - Vast Resources PLC said Monday it has received a draft indicative term sheet from an unnamed Swiss bank for a loan of up to USD10 million to finance the company's in

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.

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

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

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.

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

Latest Share Chat

Vast Res Share News (VAST)

Share Price Information for Vast Res (VAST)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Vast Resources Requests First Tranche Of Atlas Capital Funding

Login to your account

Quickpicks are a member only feature

Login to your account