20th Sep 2018 11:44
LONDON (Alliance News) - Vast Resources PLC shares rose on Thursday after the company announced good news related to its Blueberry and Baita Plai projects.
Shares were trading 7% higher at 0.61 pence each on the back of the news.
The mining company said it submitted the amendment application for the Baita Plai licence to Romania's National Agency for Mineral Resources.
The board said it does not expect the amendments to cause "any significant delay" in the formal approval of the licences.
Meanwhile, the company said that the vendors of the Blueberry Project have agreed an extension for procuring the funds for the 29.4% stake acquisition in the project by Vast's newly-formed subsidiary EMA Resources Ltd.
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