---
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"
date: 2026-08-19
canonical: "https://www.share-talk.com/vast-resources-completes-gulf-takeover-and-returns-to-aim/"
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"]
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"
---

# Vast Resources completes Gulf takeover and returns to AIM

**Published:** August 19, 2026
**Author:** sharetalk
**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)

---

**Completion of Reverse Takeover of Gulf International Minerals Limited,**

**Completion of Placing and Subscription,**

**Share Consolidation,**

**Re-Admission to trading on AIM,**

**Total Voting Rights,**

**Further Subscription and Drilling Update**

**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**.

Trading 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**.

The 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.

Vast 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.

Of 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.

Following 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.

Separately, 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.

Chief 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.

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