Vast Resources PLC‘s (LON:VAST) Andrew Hall and Paul Fletcher speak to Proactive following the company’s general meeting in London this week which saw it gain approval for the sale of its gold assets in Zimbabwe.
The restructure will now allow Vast to focus on further exploration and mining of diamonds in Zimbabwe as well as its assets in Romania – the Baita Plai and Manaila mines and the Carlibaba extension area.
Result of General Meeting
Completion of Sale of Zimbabwe Gold Assets
Vast Resources plc, the AIM-listed mining company announces that at the Company’s General Meeting, held earlier today, all resolutions were duly passed.
Following the approval by shareholders, all conditions precedent in relation to the sale by the Company of its 50.01% interest in Ronquil Enterprises (pvt) Ltd, through which the Company holds its Zimbabwe gold assets, being the remaining 25.01% economic interest in the Pickstone Peerless Gold Mine and associated assets (principally the Eureka Gold Mine) (the “Transaction”), have been satisfied and the Transaction has now completed.
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