Vast Resources (LSE:VAST) has entered an amendment agreement with Bay Square Pacific to push the SPA long stop date to 30 June, conditional on the company calling a General Meeting by 15 June.
Due diligence on the Proposed Transaction is largely complete and the Government of Tajikistan has formally authorised organisational changes at Aprelevka that the board says are fundamental to unlocking value in the assets and to corporate governance, and Vast, an AIM‑quoted mining company with projects in Romania, Tajikistan and Zimbabwe, expects to publish an AIM Admission Document in May subject to completion of associated fundraising, the company said.
The company is accelerating the audit of Gulf International Minerals to 31 December 2025 and expects that audit to conclude in the coming weeks.
Vast has established an alternative diamond sales channel in Antwerp and expects to commence sales in the week commencing 4 May, with results to be announced when the process completes.
And, it said it remains in active talks with lenders A&T Investments SARL and Mercuria Energy Trading to extend loan terms until RTO completion and intends to use diamond sale revenues, proceeds from the Placing related to the RTO and new offtake finance or wider funding to repay creditors in full, although no agreement or completion is guaranteed.
The immediate next corporate deadlines are the calling of the General Meeting by 15 June and the revised SPA long stop date of 30 June.
