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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

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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

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5 Nov 2018 06:56

Miner Vast Resources Raises GBP1 Million Through Share Placing (ALLISS)

LONDON (Alliance News) - AIM-listed mining company Vast Resources PLC on Friday said it raised GBP1.0 million before costs via a share placing.The company issued 188.7 million shares at a a

18 Oct 2018 12:55

Vast Resources Raises GBP500,000 In Share Issue (ALLISS)

LONDON (Alliance News) - Vast Resources PLC said Thursday it raised GBP525,086 through a share placing and subscription.The miner, which operates mines in Romania and Zimbabwe, issued 87.5

16 Oct 2018 12:26

Vast Resources Signs Commercial Agreement With Unit To Mine In Romania

LONDON (Alliance News) - Vast Resources PLC said Tuesday its has signed a contract with its subsidiary African Consolidated Resources Srl, giving Vast Resources the right to mine at the Baita Plai

16 Oct 2018 10:40

Vast subsidiary gets right to mine at Baita Plai

(Sharecast News) - Romania and Zimbabwe-focussed mining company Vast Resources told the market on Tuesday that, following the 10 October announcement of the formal approval by ANRM of the grant of an association licence to African Consolidated Resources (AFCR), its 80% subsidiary, both AFCR and head licence holder Baita had now signed the pre-agreed commercial contract.

15 Oct 2018 16:03

UK Shareholder Meetings Calendar - Next 7 Days

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4 Oct 2018 12:10

Botswana Diamonds concludes deal with fellow miner Vast, shares jump

(Sharecast News) - Shares in Botswana Diamonds shone on Thursday after the Aim-listed explorer finalised a development deal with fellow miner Vast Resources.

28 Sep 2018 13:24

Vast Resources Annual Loss Widens Despite Double Digit Revenue Growth

LONDON (Alliance News) - Vast Resources PLC on Friday posted a sharply widened loss for 2018 financial year due to losses on sale of subsidiary loans.For the year to the end of March, the a

20 Sep 2018 11:44

Vast Resources Rises On Good News From Blueberry and Baita Plai

LONDON (Alliance News) - Vast Resources PLC shares rose on Thursday after the company announced good news related to its Blueberry and Baita Plai projects.Shares were trading 7% higher at

5 Sep 2018 13:32

Cradle Arc Non-Exec Chairman Toby Howell Departs, Pitchford Replaces

LONDON (Alliance News) - Cradle Arc PLC on Wednesday said Roy Pitchford will replace an outgoing Non-Executive Chairman Toby Howell, who stepped down immediately to pursue his other business the a

29 Aug 2018 12:40

Vast Resources Fundraises To Begin Work At Marange Diamond Fields (ALLISS)

LONDON (Alliance News) - Vast Resources PLC on Wednesday said it raised GBP863,750 before costs through a subscription to secure additional working capital.The mining company said it issued

29 Aug 2018 11:49

Cradle Arc Slashes Guidance After Mowana Mine Suffers Breakdowns

LONDON (Alliance News) - Cradle Arc PLC said Wednesday the contained copper produced at the company's 60%-owned Mowana copper mine in Botswana was lower than forecast, as Chairman Toby Howell

24 Aug 2018 14:40

Vast Resources Secures First Set Of Results From Blueberry Drilling

LONDON (Alliance News) - Vast Resources PLC said Friday that a first set of results from its Blueberry Project supported an inferred JORC Mineral Resource for gold and minerals.The company

23 Aug 2018 11:23

Vast Resources awarded exclusive access to Tanzanian diamond concession

(Sharecast News) - AIM-listed explorer Botswana Diamonds revealed that Vast Resources, with which it has signed a memorandum of understanding to develop diamond resources in Zimbabwe, has been awarded exclusive access to a diamond concession in the African nation's Chiadzwa region.

15 Aug 2018 10:05

Vast Resources takes indirect stake in Romania's Blueberry Project

(Sharecast News) - Mining company Vast Resources announced the acquisition of an indirect 29.41% interest in the Blueberry Project, which hosts highly prospective polymetallic mineralisation and is located in the 'Golden Quadrilateral' of Western Romania, on Wednesday.

6 Aug 2018 14:08

Vast Resources subsidiary submits application to mine at Baita Plai

(Sharecast News) - Romania and Zimbabwe-focussed mining company Vast Resources announced on Monday that, following acceptance of the agreement by the Minister of Economy as announced on 22 June, the state-owned company Baita SA - the holder of the Baita Plai Head Licence - and Vast's 80% subsidiary African Consolidated Resources, had now submitted their joint formal application to Romania's National Agency for Mineral Resources.

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