23rd Sep 2024 14:12
Vast Resources PLC - miner in Romania, Tajikistan and Zimbabwe - Notes that A&T Investments SARL, known as Alpha and to which it owes debt of USD5.8 million, will start enforcement procedures of the security given to Alpha by a third party, if the debt is not repaid by Thursday. Vast notes that the third party has confirmed that it does not intend to take any action against Vast, should Alpha start any enforcement action. The unnamed third party is a shareholder in Vast, which highlights that there will be no immediate effect on the company if Alpha starts enforcement action against the third party. Vast explains it has started alternative measures for settling the outstanding debts.
Current stock price: 0.075 pence per share, down 27% on Monday afternoon in London
12-month change: down 63%
By Tom Budszus, Alliance News slot editor
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