Vast Resources Plc.

Pavel, Margarit & Associates Romanian Law Firm assisted the British company Vast Resources Plc, listed on the London Stock Exchange, which has several mining exploitations in Romania, in the first phase of a prepayment agreement with Mercuria Energy Trading SA, one of the largest integrated energy and commodity trading companies in the world, for the supply of ore concentrate. The value of the contract is of 9.5 million dollars, according to Pavel, Margarit & Associates Romanian Law Firm. Funding will be provided in two installments. The team of Pavel, Margarit & Associates consisted of six lawyers specialized in corporate, commercial, Mergers & Acquisitions and mining law, and was coordinated by Phd. Lawyer Catalin - Radu Pavel, Managing Partner of the Law Firm. "It was a complex legal transaction, involving a total of 30 lawyers from three jurisdictions - Romania, Switzerland and the UK, namely two law firms from Romania, and two from the UK. The legal services provided by our Romanian Law Firm involved both legal opinions and drafting of complex contracts, which involved in-depth knowledge of commercial law and civil law. It was a cross-border transaction with a lot of challenges in the area of international law, taking into account that our lawyers had to corelate the legislation from multiple jurisdictions, such as Great Britain, Switzerland and Romania. In this transaction, we have successfully worked with prestigious law firm such as Paul Hastings LLP and Norton Rose Fulbright LLP", said PhD. lawyer Catalin - Radu Pavel, Managing Partner of Pavel, Margarit & Associates Romanian Law Firm. "We have met several times with Mercuria representatives and found out that there is a synergy between our companies, both professionally and financially. The transaction offers more confidence to investors in Vast Resources Plc, taking into account that companies such Mercuria do not sign prepayment contracts of such value without a rigorous due diligence process. The transaction involved both due diligence procedure and the drafting of legal agreements. We are not talking about small contracts, of 2 or 3 pages, but about contracts of nearly 700 pages. ", said Andrew Prelea, CEO of Vast Resources Plc. The agreement involves the sale of the ore concentrate produced extracted from the mining exploitations of Vast Resources Plc. in Romania. In the process of selecting an investor, Vast Resources Plc. had to choose between a prepayment agreement and a private equity fund/investor, which would have meant diluting Vast's stake in these operations. Finally, the British company opted for the first option. This agreement is a new, large-scale cross-border transaction managed by Pavel, Margarit & Associates Romanian Law Firm, which assisted Vast Resources in its operations in Romania. Another important transaction for the lawyers specialized in corporate, commercial, Mergers & Acquisitions and mining law in Romania was the acquisition of shares in Mănăilă mine by Vast Resources, through which the British company became the sole shareholder of the mine. Vast Resources Plc. is a British mining company listed on the London Stock Exchange with exploitations in Romania and Zimbabwe. Vast Resources has transitioned from an exploration company to a mining company, with a portfolio of high quality assets. In the short-term, the Company is focused on optimising mining operations at the Manaila Polymetallic Mine, Suceava district and BÄƒita Plai Polymetallic Mine, Bihor district in Romania and also, Vast continues to actively manage its Zimbabwean gold portfolio. Mercuria Energy Trading S.A. is one of the largest integrated energy and commodity trading companies in the world. The company trades petroleum products, energy products and other commodities, from hubs in Geneva, London, Singapore, Shanghai and Huston. *** Pavel, Margarit & Associates Romanian Law Firm is one of the top law firms in Romania, which offers legal services at the highest quality, beyond clients expectations. The Law Firm approaches the cases with maximum professionalism and dedication. Its ultimate goal is obtaining exceptional results and achieving the clients objectives, in a time efficient manner. Among Pavel, Margarit & Associates clients are top multinationals and local companies. In 2017, the success stories of the Romanian Law Firm have brought recognition of the most prestigious international guides and publications. Thus, Pavel, Margarit & Associates Romanian Law Firm ranked second place in Romania in the rankings of business law firms with the most relevant expertise this year, realised by the Legal 500 publication, the most prestigious guide for law firms in the world, based in London, UK. The law firm is also recognized internationally by IFLR 1000 Financial and Corporate Guide 2018. Pavel, Margarit & Associates Romanian Law Firm is also the only law firm in Romania recommended by the Global Law Experts Director in London in the Dispute Resolution area of Practice. All the relevant information regarding Pavel, Margarit & Associates Romanian Law Firm including areas of practice and the most important deals can be found on the website www.avocatpavel.com, which is one of the most complex law firm websites in Romania.

Vast Resources Plc.

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Pavel, Margarit & Associates Romanian Law Firm assisted Vast Resources Plc. in the 9,5 mln. $ deal with Mercuria Energy Trading S.A., one of the world's largest energy trading companies

The lawyers from Pavel, Margarit and Associates, Romanian Law Firm, advised Vast Resources PLC, an UK, London based AIM listed mining and resource development company, in acquisition of full control on Mănăilă Polymetallic Mine in Romania

Lawyers from Pavel, Margarit & Associates legally adviced britons from Vast Resources PLC in acquiring full control on Mina Mănăilă