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Vast Resources writes to shareholders summarising transaction

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Vast Resources PLC (LON:VAST) has confirmed it is currently engaged in discussions with an international banking institution to conclude an asset-backed debt financing linked to the Baita Plai polymetallic mine.

The company has now written to shareholders outlining the details of these proposed transactions, as referred to in previous announcements of September 10, 2020, October 12, 2020, and October 26, 2020,

Certain related-party issues are covered in the letter, as are the transaction details, which involve a re-financing of bonds and the acquisition of certain minority interests, including the remaining 20% of Baita Plai.

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