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Vast Resources lifted as it raises £1mln in share placing

The AIM-listed miner said it had raised the funds through the placing of around 189mln new shares at a price of 0.53p each, on par with its last closing price
Teeth with money
The new shares are expected to be admitted to AIM on 8 November

Vast Resources PLC (LON:VAST) said it has successfully raised £1mln through a share placing.

The AIM-listed miner said it had raised the funds through the placing of around 189mln new shares at a price of 0.53p each, on par with its last closing price.

READ: Vast Resources secures US$1mln investment needed for Blueberry polymetallic project

The fundraising follows news at the end of October that the company had received US$1mln from institutional investors to retain its 29.41% stake in the Blueberry gold project in Romania.

The new shares are expected to be admitted to AIM on 8 November.

In late-afternoon trading Friday, Vast shares were up 3.8% at 0.55p.

-- Updates share price --

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