Update on Asset Backed Debt Facility
Nachrichtenquelle: globenewswire | 16.12.2020, 08:00 | 107 16 December 2020
Update on Asset Backed Debt Facility Vast Resources plc, the AIM-listed mining company, would like to update the market that the previously announced detailed term sheet from the international banking institution (the ‘Bank’), linked to Vast’s now 100% owned Baita Plai Polymetallic Mine (‘Baita Plai’) in Romania, was presented to the Bank’s credit committee at its meeting held yesterday, 15 December2020, and the final decision is being considered by the committee members. The Company will update the market regarding approval status once confirmed by the Bank. ENDS
Vast Resources plc
Beaumont Cornish - Financial & Nominated Adviser
by Bajan Reporter / December 13th, 2020
The Caribbean’s regional investment banking giant, NCB Capital Markets Limited (“
NCBCM”) has announced the launch of Stratus Alternative Funds SCC (“
Stratus”). This entity is an alternative investments platform, which will provide investors with a broad range of non-traditional high-yielding investment solutions. This asset class represents a different or “alternative” option for investors to diversify their portfolios away from their longstanding reliance on traditional stocks, bonds, and cash. This may include infrastructure assets, real estate, private equity, mezzanine financing and turn-around opportunities.
Alternatives usually require high minimum investments and advanced technical competencies to assess their attractiveness. As such, they are primarily held by institutional fund managers and ultra-high net worth investors. However, with the introduction of Stratus, more investors are now able to participate in these
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