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.
As announced on the 16 May 2022, the totality of the debt owed to Mercuria and Alpha was due to be repaid on or before 30 June 2023. The Company is currently concluding documentation regarding an extension to 29 September 2023 that will allow further time to finalise the settlement of its historic claims outlined in previous announcements.
@vast_resources says it expects to finalise its mining agreement on the Community Diamond Concession in Marange after the release of its parcel being held by the central bank.
The 129,400 carats diamonds parcel has been held at the Reserve Bank of #Zimbabwe for the past 12 years… pic.twitter.com/mWhKy8u3F8
— Share_Talk ™ (@Share_Talk) August 6, 2023
The Company will update the market with further details in due course.
**ENDS**
For further information, visit www.vastplc.com or please contact:
| Vast Resources plc Andrew Prelea (CEO) Andrew Hall (CCO) |
www.vastplc.com +44 (0) 20 7846 0974 |
