Finance > Project-finance

Vast to raise US$1.64 million

Explorer Vast Resources (LN:VAST) aims to raise up to £1.23 million (US$1.64 million) through an open offer to develop its operations in Romania and Zimbabwe.

Staff reporter

Finance > Project-finance

Vast to raise US$1.64 million

Explorer Vast Resources (LN:VAST) aims to raise up to £1.23 million (US$1.64 million) through an open offer to develop its operations in Romania and Zimbabwe.

Staff reporter

Vast to raise US$1.64 million

Vast Resources is optimising mining operations at Manaila

The placing was approved by shareholders at a November 10 general meeting and will partially make up the £10 million required for the development of the operations, including overheads, general working capital and repayment of loans.