{"id":139675,"title":"Vast Resources completes Gulf takeover and returns to AIM","publisher":"Share Talk","author":"sharetalk","published":"2026-08-19T06:24:29+00:00","modified":"2026-08-19T06:24:29+00:00","canonical_url":"https://www.share-talk.com/vast-resources-completes-gulf-takeover-and-returns-to-aim/","markdown_url":"https://www.share-talk.com/vast-resources-completes-gulf-takeover-and-returns-to-aim.md","json_url":"https://www.share-talk.com/vast-resources-completes-gulf-takeover-and-returns-to-aim.json","category":"Mining","categories":["Mining"],"tags":["Baita Plai","Botswana","Botswana Diamonds","Chiadzwa","Diamond Fields","Gem Diamonds","Mine","Paul Fletcher","Polymetallic","Polymetallic Mine","Romania","Share Talk","Tajikistan","Vast","Vast Resources","Zimbabwe"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/08/1872c870-17d3-4b86-b059-5efb0ee04b8f.png?fit=1727%2C911&quality=80&ssl=1","format":"news","language":"en-GB","content":"**Completion of Reverse Takeover of Gulf International Minerals Limited,**\n\n**Completion of Placing and Subscription,**\n\n**Share Consolidation,**\n\n**Re-Admission to trading on AIM,**\n\n**Total Voting Rights,**\n\n**Further Subscription and Drilling Update**\n\n**Vast Resources plc (AIM: VAST)** has completed its reverse takeover of Gulf International Minerals, giving the company a **49% beneficial interest in the producing Aprelevka gold and silver operations in Tajikistan**.\n\nTrading in Vast’s enlarged share capital is expected to resume on AIM at **8:00am today, 19 August**, following shareholder approval of the transaction and completion of a **25-for-one share consolidation**.\n\nThe Aprelevka joint venture holds four active mining licences along Tajikistan’s **Tien Shan Gold Belt** and currently produces approximately **11,000 ounces of gold and 130,000 ounces of silver annually** from mined ore and tailings.\n\nVast has also completed a placing and subscription raising approximately **£7.5 million**, alongside a £300,000 retail offer. Together with a recently announced **US$10 million debt facility**, the funding will be used to settle creditors and legacy loans, provide working capital and support development of the Aprelevka assets.\n\nOf the debt facility, **US$4 million is specifically allocated to expanding Aprelevka**, with the remaining US$6 million available for working capital and debt repayment.\n\nFollowing re-admission, Vast will have **1.646 billion shares in issue**. The company is also considering a further subscription of approximately £500,000 following approaches from investors unable to participate in the original fundraising.\n\nSeparately, Vast has **commenced a new drilling campaign in Tajikistan**, targeting a maiden JORC-compliant resource following earlier drilling, trench sampling and metallurgical work on the Soviet-era tailings facilities.\n\nChief Executive **Andrew Prelea** described completion of the transaction as the beginning of a new chapter for Vast, with the company now focused on expanding its cash-generating Tajik operations while progressing plans to restart its Romanian assets."}