Vast Resources PLC (AIM:VAST) confirmed that the convertible bonds linked to Atlas Special Opportunities LLC were cancelled today from The International Stock Exchange.
Shares in the AIM-traded mining company jumped yesterday after it announced it had repaid in full the outstanding bonds owed to Atlas. The repayment means Atlas no longer has any conversion or any right to call for the issue of Vast ordinary shares, thus removing share dilution concerns.
READ: Vast Resources repays outstanding bonds owed to Atlas Special Opportunities, shares soar