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Refinancing of Atlas Special Opportunities LLC

26 Apr 2022 11:00

Refinancing of Atlas Special Opportunities LLC

Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining

26 April 2022

Vast Resources plc(“Vast” or the “Company”)

Refinancing of Atlas Special Opportunities LLC

Vast Resources plc, the AIM-listed mining company, is pleased to announce an update regarding Atlas Special Opportunities LLC (“Atlas”) and settlement of the first tranche of bonds under the Bond Issuance Deed announced on 24 October 2019 (“BID”).

Further to the announcement made on 12 April 2022, the Company continues to work on definitive legal documentation with the Swiss Investment Banking and Asset Management Boutique. To provide additional time to close the refinancing transaction , the Company and Atlas have executed a deed for a variation of terms to the BID to allow for a further three month extension to 31 July 2022 .

**ENDS**

For further information, visit www.vastplc.com or please contact:

Vast Resources plcAndrew Prelea (CEO)Andrew Hall (CCO)www.vastplc.com+44 (0) 20 7846 0974
Beaumont Cornish – Financial & Nominated AdvisorRoland CornishJames Biddlewww.beaumontcornish.com+44 (0) 20 7628 3396
Shore Capital Stockbrokers Limited – Joint Broker Toby Gibbs / James Thomas (Corporate Advisory)www.shorecapmarkets.co.uk +44 (0) 20 7408 4050
Axis Capital Markets Limited – Joint Broker Kamran Hussain www.axcap247.com +44 (0) 20 3206 0320
St Brides Partners Limited Susie Geliher / Charlotte Pagewww.stbridespartners.co.uk+44 (0) 20 7236 1177

ABOUT VAST RESOURCES PLC

Vast Resources plc is a United Kingdom AIM listed mining company with mines and projects in Romania and Zimbabwe.

In Romania, the Company is focused on the rapid advancement of high-quality projects by recommencing production at previously producing mines.

The Company's Romanian portfolio includes 100% interest in the producing Baita Plai Polymetallic Mine, located in the Apuseni Mountains, Transylvania, an area which hosts Romania's largest polymetallic mines. The mine has a JORC compliant Reserve & Resource Report which underpins the initial mine production life of approximately 3-4 years with an in-situ total mineral resource of 15,695 tonnes copper equivalent with a further 1.8M-3M tonnes exploration target. The Company is now working on confirming an enlarged exploration target of up to 5.8M tonnes.

The Company also owns the Manaila Polymetallic Mine in Romania, which was commissioned in 2015, currently on care and maintenance. The Company has been granted the Manaila Carlibaba Extended Exploitation Licence that will allow the Company to re-examine the exploitation of the mineral resources within the larger Manaila Carlibaba licence area.

In Zimbabwe, the Company is focused on the commencement of the joint venture mining agreement on the Community Diamond Concession, Chiadzwa, in the Marange Diamond Fields.

Date   Source Headline
5th Dec 20171:21 pmRNSTotal Voting Rights
24th Nov 20177:01 amRNSOpen Offer to raise up to £1.23 million
16th Nov 201710:00 amRNSNew Corporate Presentation
9th Oct 20175:03 pmRNSExercise of Warrants and Issue of Equity
6th Oct 20174:17 pmRNSHolding(s) in Company
29th Sep 201711:30 amRNSManaila Extension Drilling Results Update
18th Aug 20177:00 amRNSMatching terms for US$10 million investment
30th May 201710:30 amRNSShareholder Q&A Document
27th Mar 20173:59 pmRNSExercise of Warrants and Issue of Equity
7th Mar 201611:00 amRNSEquity Subscription for up to £0.8 million
21st Jul 20157:00 amRNSShackleton Live Event
10th Jul 20157:00 amRNSCommissioning of Crushing Circuit
9th Mar 20115:34 pmRNSIssue of Equity
7th Sep 20107:00 amRNSMarange Update
9th Jun 20107:00 amRNSPickstone Sulphide Dump
30th Dec 200912:24 pmRNSTotal Voting Rights
1st Dec 20097:00 amRNSInterim Report
18th Nov 20098:40 amRNSPlacing
3rd Sep 20095:50 pmRNSHolding(s) in Company
3rd Sep 200912:13 pmRNSHolding(s) in Company
28th Aug 200911:42 amRNSTotal Voting Rights
25th Aug 20097:00 amRNSEstablishment of EBT and Issue of Equity
16th Jul 20092:22 pmRNSHolding(s) in Company
2nd Jul 200910:29 amRNSHolding(s) in Company
30th Jun 20099:00 amRNSHolding(s) in Company
30th Apr 20091:22 pmRNSHolding(s) in Company
30th Apr 20099:04 amRNSTotal Voting Rights
22nd Apr 20097:00 amRNSIssue of Equity
17th Sep 20082:24 pmRNSHolding(s) in Company
17th Sep 20082:08 pmRNSHolding(s) in Company
8th Aug 20083:57 pmRNSStmnt re Share Price Movement
6th Aug 200810:23 amRNSDirector/PDMR Shareholding
1st Apr 20082:47 pmRNSGrant and Exercise of Options
1st Apr 20082:44 pmRNSResignation of Director
14th Feb 20081:24 pmRNSStmnt re Share Price Movement
18th Oct 20077:01 amRNSDirector Share Options
16th Oct 20078:33 amRNSResult of AGM
20th Aug 200710:30 amRNSAIM Rule 26
20th Aug 20077:02 amRNSHolding(s) in Company
20th Aug 20077:02 amRNSAnnual Report and Accounts
7th Aug 20073:52 pmRNSResource Update
20th Jul 20077:00 amRNSUpdate on Fundraising
10th Jul 200712:31 pmRNSChange of Adviser
6th Jul 20079:17 amRNSUpdate
2nd Jul 200711:58 amRNSFurther developments
15th Jun 20077:01 amRNSFinal Results
21st Mar 20072:59 pmRNSStatement re Marange
5th Mar 20075:13 pmRNSGrant of options - Correction
2nd Mar 20079:13 amRNSGrant of options
2nd Mar 20079:11 amRNSDirectorate Change

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