Reminder18 May 2023 14:57
Vox markets
Vast Resources
an AIM-listed mining company with projects in Romania, Tajikistan, and Zimbabwe, has announced an extension to the Asset Backed Debt facility from A&T Investments SARL, initially disclosed on May 16, 2022. The extension will cover debt owed to Mercuria Energy Trading SA and the anticipated settlement of historic claims in Zimbabwe.
As of May 15, 2023, Vast's total debt to Mercuria and Alpha, amounting to c. £7.3m, was scheduled for repayment. However, the company is currently finalising documentation for an extension until June 30, 2023, to allow sufficient time to conclude the settlement of historic claims in Zimbabwe.
Vast Resources CEO Andrew Prelea is presently in Zimbabwe as the company finalises the recovery of a historic parcel of 129,400 rough diamonds held in safe custody at the Reserve Bank of Zimbabwe, following a High Court Order in the company's favour. The recovery of these diamonds will aid in the settlement of historic claims in Zimbabwe.
It lands and you are out I’m sorry but you will imho be be paying 1p plus when it comes out nt gla