Vast Resources PLC (AIM:VAST)'s Andrew Prelea speaks to Proactive soon after announcing they've reached an agreement to restructure convertible bonds issued to Atlas Special Opportunities LCC, announced in January 2020, into a non-equity linked extended loan. Under a heads of terms agreement, the existing equity linked convertible bonds repayable on 29 January 2022 have been restructured into a senior secured loan with a fixed price premium and the repayment postponed to 30 June 2022. The par value of the bonds currently outstanding is $6.5mln (£4.7mln).
Vast Resources 'looking forward to the growth story' as Baita approaches operational profitability
