18th Oct 2018 12:55
LONDON (Alliance News) - Vast Resources PLC said Thursday it raised GBP525,086 through a share placing and subscription.
The miner, which operates mines in Romania and Zimbabwe, issued 87.5 million shares at 0.6 pence each. Vast shares were trading up 1.0% at 0.62p Thursday afternoon.
The placing was for 70.8 million shares and was undertaken by the company's joint broker SVS Securities PLC.
The subscription was for 16.7 million shares which were subscribed equally by Chief Executive Officer Andrew Prelea and Finance Director Roy Tucker.
The company's expects admission of the shares to trading on AIM on October 24, after which it will have 5.6 billion shares in issue.
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