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Share Price: 0.34

Bid: 0.33

Ask: 0.35

Change: -0.025 (-6.85%)

Spread: 0.02 (6.061%)

Open: 0.365

High: 0.365

Low: 0.34

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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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10 Sep 2020 19:25

IN BRIEF: Vast Resources Raises GBP1.7 Million In Placing

17 Aug 2020 14:39

IN BRIEF: Vast Resources Says Test Confirms Quality Of Baita Plai Asset

6 Aug 2020 22:08

UK TRADING UPDATE SUMMARY: Naked Wines New Sales Drive Progress

6 Aug 2020 12:04

Vast Resources upbeat on 'highly encouraging' drilling results

(Sharecast News) - Vast Resources updated the market on progress at its Baita Plai Polymetallic Mine in Romania on Thursday, reporting that a drilling program targeting the area below level 18 on the Antonio skarn had returned "highly encouraging" results, in line with its expectations.

24 Jul 2020 13:56

UK TRADING UPDATE SUMMARY: Naked Wines Chair Leaves, Online Sales Grow

24 Jul 2020 12:07

Vest Resources encouraged by latest work at Baita Plai

(Sharecast News) - Vast Resources updated the market on progress at its Baita Plai Polymetallic Mine in Romania on Friday, reporting that the remaining contains of equipment have now all arrived on site.

13 Jul 2020 12:36

Vast Resources shares fall after Baita Plai update

(Sharecast News) - Shares in mining company Vast Resources were in the red on Monday afternoon, after it updated the market on progress at its Baita Plai Polymetallic Mine in Romania.

30 Jun 2020 13:09

Vast Resources granted expanded licence at Manaila

(Sharecast News) - Vast Resources updated the market on progress at its Manaila Polymetallic Mine, and the adjacent Manaila Carlibaba Extension Project, in Romania on Tuesday, confirming it has now been granted the Manaila Carlibaba exploitation licence.

22 Jun 2020 10:20

Vast Resources raises £1.48m to cover Atlas liability

(Sharecast News) - Mining outfit Vast Resources said it had raised £1.48m to settle a liability with Atlas Capital Markets and fund early production at its Baita Plai Polymetallic Mine .

18 May 2020 09:04

Vast Resources raises ?0.9m via placing and subscription

(Sharecast News) - Vast Resources has raised a total of ?0.9m before costs, it announced on Monday, through a placing and a subscription of 600,944,440 ordinary shares at a price of 0.15p each.

11 May 2020 16:13

Vast Resources appoints general manager to Baita Plai

(Sharecast News) - Vast Resources updated the market on progress at its Baita Plai polymetallic mine in Romania on Monday, announcing the hire of Adrian Badita as general manager at the mine, reporting to chief operating officer Craig Harvey.

4 May 2020 11:21

Vast Resources responds to Zimbabwe press speculation

(Sharecast News) - Vast Resources released a statement in response to articles in the Zimbabwean press press on Monday, updating the market on the anticipated joint venture between its subsidiary Katanga Mining, and the Zimbabwe Consolidated Diamond Company.

27 Apr 2020 10:30

Latest Share Chat

Vast Res Share News (VAST)

Share Price Information for Vast Res (VAST)

Vast Resources Requests First Tranche Of Atlas Capital Funding

IN BRIEF: Vast Resources Raises GBP1.7 Million In Placing

IN BRIEF: Vast Resources Says Test Confirms Quality Of Baita Plai Asset

UK TRADING UPDATE SUMMARY: Naked Wines New Sales Drive Progress

Vast Resources upbeat on 'highly encouraging' drilling results

UK TRADING UPDATE SUMMARY: Naked Wines Chair Leaves, Online Sales Grow

Vest Resources encouraged by latest work at Baita Plai

Vast Resources shares fall after Baita Plai update

Vast Resources granted expanded licence at Manaila

Vast Resources raises £1.48m to cover Atlas liability

Vast Resources raises ?0.9m via placing and subscription

Vast Resources appoints general manager to Baita Plai

Vast Resources responds to Zimbabwe press speculation

Vast Resources reports progress on Baita Plai

Vast Resources Raises GBP600,000 To Maintain Working Capital

Vast raises ?0.6m as it looks to complete Chiadzwa joint venture

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