IN BRIEF: Vast Resources agrees to debt extension with Mercuria

Wed, 21st Jun 2023 11:49

Vast Resources PLC - London-based mining company with projects in Romania and Zimbabwe - Agrees to debt extension with Mercuria Energy Trading SA to December 30, 2024. Last year, Vast Resources undertook a debt reduction of USD1.0 million to Mercuria, and secured a USD4.0 million asset backed debt facility from A&T Investments Sarl, arranged by Swiss investment banking boutique Alpha Credit SA. Total debt owed to Mercuria is GBP7.7 million.

Current stock price: 0.51 pence, up 5.8% on Wednesday

12-month change: down 36%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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