Vast Resources Plc / Ticker: VAST / Index: AIM / Sector: Mining 23 January 2024
Vast Resources Plc Placing to raise £1,255,625
Vast Resources Plc, the AIM-listed mining company, announces that it has raised £1,255,625 gross through a placing of 1,225,000,000 ordinary shares of 0.1p in the Company at a price of 0.1025p per Ordinary Share . The Placing was undertaken by the Company's joint broker, Axis Capital Markets Ltd . The net cash raised from the Placing will be used for the further development of its operating Baita Plai Mine in Romania, specifically the development of the decline to access the higher-grade ore. Following the positive ongoing drilling programme that commenced in 2023, the Company has incorporated new data into its mine plan in...