RE: Loan extension29 Apr 2026 11:30
Loan Facility Update
Further to the announcement of 12 February 2026, Vast confirms that it is in discussion with A&T Investments SARL and Mercuria Energy Trading SA to seek to agree to an extension of the terms of their respective loans until 30 April 2026, subject to continued progress being made on the Proposed Transaction. The Company intends to use the revenue from upcoming diamond sales, together with proceeds from the Placing in relation to the Acquisition, and proceeds from new offtake finance agreements and / or wider funding arrangements, to repay the Creditors in full. It is noted that, whilst the Board remains confident further Loan Facility Extensions can be agreed in order to support completion of the Proposed Transaction, there can be no guarantee as to the outcome of discussions in relation to the Loan Facility Extensions or that the Proposed Transaction will complete.
Unless we hear something pretty dam soon we are all fecked