Vast Resources Provides Update on Debt Funding
Source: www.gulfoilandgas.com 10/4/2023, Location: Europe
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 and the debt owed to Mercuria Energy Trading SA (“Mercuria”) relating to Tranche A of the Prepayment Agreement announced on 21 March 2018.
Further to the announcement made on 2 October 2023 regarding the Company being in discussions with Alpha and Mercuria regarding a further extension that will allow additional time to finalise the settlement of its historic claims outlined in previous announcements, the Company is pleased to announce it has agreed a further extension with Alpha & Mercuria to 30 November 2023 and it is now concluding the legal documentation. All terms and conditions of the debt remain the same.
