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Vast raises cash, says long-term rescue talks ongoing

Vast Resources (AIM:VAST) has raised £896,000 (US$1.15 million) to pay off a December loan and keep the business running while it looks for long-term project financing options.

Vast raises cash, says long-term rescue talks ongoing Vast raises cash, says long-term rescue talks ongoing Vast raises cash, says long-term rescue talks ongoing Vast raises cash, says long-term rescue talks ongoing Vast raises cash, says long-term rescue talks ongoing

Vast has the operating Manaila mine, but its cash flow won't rescue the company any time soon

The company was forced to look for emergency cash last month when backer Mercuria Energy Trading pulled out of a financing worth $5.5 million.