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Share Price: 0.215

Bid: 0.21

Ask: 0.22

Change: -0.015 (-6.52%)

Spread: 0.01 (4.762%)

Open: 0.23

High: 0.23

Low: 0.215

Prev. Close: 0.23

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IN BRIEF: Vast Resources raises GBP1 million to fund projects

Wed, 12th Apr 2023 21:13

Vast Resources PLC - London-based mining company with projects in Romania and Zimbabwe - Raises GBP978,967 through a placing of 212.8 million shares at a price of 0.46 pence per share. Says it will use the cash for an immediate upgrade to underground equipment to maintain the underground production ramp up and the continuation of the ongoing drilling programme at the company’s Baita Plai Polymetallic mine in Romania. The company notes that Baita Plai is moving towards its name plate capacity of 14,000 tonnes per month in the first half of 2023, after seeing strong production and sales in the fourth quarter of 2022.

Current stock price: 0.48 pence, down 6.4% in London on Wednesday

12-month change: down 9.9%

By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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16 May 2022 12:40

Vast Resources shares surge as it repays outstanding debt to Atlas

(Alliance News) Vast Resources PLC on Monday said it repaid all its outstanding bond debt to Atlas Special Opportunities LLC.

13 May 2022 11:15

IN BRIEF: Vast Resources issues 150 million shares for bond conversion

Vast Resources PLC - London-based miner with projects in Romania and Zimbabwe - Issues 151.3 million new ordinary shares at 0.27 pence each, compared to Thursday closing price of 1.37p. Vast now has 760.5 million shares in issue, so the issuance represents 20% of the enlarged total. The share issuance is in response to London-based Atlas Special Opportunities LLC choosing to convert bonds of USD500,000 nominal value. On May 3, Atlas had given Vast a non legally binding verbal assurance that it would do no more conversions.

3 May 2022 11:40

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IN BRIEF: Vast Resources raises GBP1 million to fund projects

Vast Resources shares surge as it repays outstanding debt to Atlas

IN BRIEF: Vast Resources issues 150 million shares for bond conversion

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