27th Jul 2015 09:04
LONDON (Alliance News) - Vast Resources PLC on Monday said it has raised GBP1.26 million via a share placing and subscription.
The miner said it has issued 45.4 million shares at 1.2 pence per share under the placing, plus 60 million shares at the same price under the subscription. Vast Resources shares were up 2.2% to 1.2265 pence on Monday.
The placing was handled by Daniel Stewart & Co.
Vast Resources will use the proceeds from the placing and subscription to back its Romanian assets and to provide general working capital.
By Sam Unsted; [email protected]; @SamUAtAlliance
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