RE: Passiton - FOMOF26 May 2023 11:44
ASI - are you referring to the below ? I was referring to any further updates from AP regarding the collection and have we got them yet !!
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
15 May 2023
Vast Resources plc
('Vast' or the 'Company')
Company Update
Vast Resources plc, the AIM-listed mining company, is pleased to announce an update in relation to the Asset Backed Debt facility from A&T Investments SARL ("Alpha") as announced on 16 May 2022, the debt owed to Mercuria Energy Trading SA ("Mercuria") relating to Tranche A of the Prepayment Agreement announced on 21 March 2018 and the anticipated settlement of the historic claims in Zimbabwe.
As announced on the 16 May 2022, the totality of the debt owed to Mercuria and Alpha (currently approx. GBP7.3m) was due to be repaid on or before Monday 15 May 2023. The Company is currently concluding documentation regarding an extension to 30 June 2023 that will allow the necessary time to finalise the settlement of the historic claims in Zimbabwe.
The Company can confirm that Andrew Prelea, the Company's Chief Executive Officer, is currently in Zimbabwe as the Company finalises the recovery of the historic parcel of 129,400 rough diamonds held in safe custody at the Reserve Bank of Zimbabwe pursuant to the High Court Order in the Company's favour.
The Company will update the market with further details in due course.