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Pin to quick picksVast Res Share News (VAST)

Share Price Information for Vast Res (VAST)

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Share Price: 0.24
Bid: 0.23
Ask: 0.25
Change: -0.07 (-22.58%)
Spread: 0.02 (8.696%)
Open: 0.225
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Low: 0.225
Prev. Close: 0.31
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Vast Resources raises ?0.9m through placing

Thu, 30th May 2019 14:44

(Sharecast News) - Mining company Vast Resources has raised £0.9m before costs through a placing of 775,862,068 ordinary shares at a price of 0.116p each, it announced on Thursday.The AIM-traded firm said the placing shares were issued under existing authorities available to the board relating to the Baita Plai Polymetallic Mine, and for general corporate purposes.It said the cash raised from the placing had been calculated to be sufficient to meet all the company's financing needs in connection with its activities in Romania, as well as general working capital until it could draw down its loan finance.Vast had announced on 29 April that it had received a draft term sheet containing the material indicative terms from a Swiss bank for loan finance of up to $10m.That was to be applied in connection with the firm's Romanian projects, including full repayment of the $4m plus accrued interest by the company to Mercuria."While due diligence on the provision of the Swiss bank loan finance or any equivalent progresses, the company plans to incur some of the necessary pre-production expenditure for Baita Plai in advance of the receipt of the loan finance," the board said in its statement."This will significantly reduce the lead time up to commencement of production."Vast said the pre-production expenditure would include the start of the installation of a seven-kilometre tailings pipe to the tailings dam and, as was required in the company's licence, the installation of a new and independent electricity supply at Baita Plai in addition to the supply the company had already installed.Expenditure would also include the cost of the independent report from SRK Consulting, as mentioned in its announcement on 28 May.The money raised from the placing would be applied for those purposes, as well as for general expenses at Baita Plai and for general corporate purposes.
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4 Jul 2018 10:46

Vast Resources Sees Record Quarterly Output From Zimbabwean Gold Mine

LONDON (Alliance News) - Vast Resources PLC on Wednesday said production grew across all of its assets over the second quarter of its current financial year.The mining company saw record at

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11 Jun 2018 13:56

Vast Resources To Pitch Share Issue For Fundraising At Annual Meeting (ALLISS)

LONDON (Alliance News) - Mining company Vast Resources PLC on Monday appealed to shareholders to vote at its general meeting on June 25 in favour of resolutions to raise GBP1.7 million through the

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9 May 2018 11:02

Vast Resources Hires Nicholas Hatch As Independent Non-Exec Director

LONDON (Alliance News) - Vast Resources PLC said Wednesday it has appointed Nicholas Hatch as independent non-executive director with immediate effect.Hatch has 35 years' experience in

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21 Mar 2018 17:29

Vast Resources Receives Pre-Payment, Signs Off-Take Deal With Mercuria

LONDON (Alliance News) - Vast Resources PLC said on Wednesday that it secured payment from Mercuria Energy Trading SA under the pre-payment agreement announced on January said

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9 Mar 2018 10:54

Vast Resources Close To Completing Pre-Payment Off-Take With Mercuria

LONDON (Alliance News) - AIM-listed mining company Vast Resources PLC said on Friday it has made progress with energy and commodities company Mercuria Energy Group in a has a

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30 Jan 2017 14:16

Vast Resources partially offloads Zimbabwe mines

(ShareCast News) - Romania and Zimbabwe-focused mining company Vast Resources announced on Monday that it has secured a loan facility and signed a conditional agreement for the partial disposal of a non-controlling interest in its Pickstone-Peerless Gold Mine and Giant Gold Mine, providing gross pro

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23 Dec 2016 10:03

WINNERS & LOSERS SUMMARY: PayPoint Sale And Special Payout Lift Shares

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20 Dec 2016 13:51

Vast Resources eyes Romania as it swings to H1 pre-tax profit

(ShareCast News) - Vast Resources has swung to a first-half pretax profit from continuing operations and says Romania represents a significant opportunity for the company. Pre-tax profit for the six-month period was $265,000, from a year-ago loss of $3.6m. Revenue came in at $14.1m, from $1.04m. Ch

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20 Dec 2016 09:23

Vast Resources Swings To Half-Year Profit On Surge In Revenue

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2 Nov 2016 09:53

Vast Resources Start Drilling Programme At Faneata In Romania

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2 Nov 2016 09:40

Vast Resources starts drilling at Faneata

(ShareCast News) - Romania and Zimbabwe-focused mining company Vast Resources announced on Wednesday that a drilling programme to confirm the mineral resource and provide material for metallurgical testwork has commenced at its Faneata tailings dam, located 7 kilometres from the Baita Plai Polymetal

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11 Oct 2016 15:37

Vast Resources Inks Loan Note Subscription Agreement With Bracknor (ALLISS)

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27 Sep 2016 09:49

Vast Resources Gets Maiden Resource For Manaila Mine In Romania

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23 Aug 2016 09:49

Vast Resources reports higher costs at Manaila, delays at second Romanian licence

(ShareCast News) - Vast Resources encountered technical difficulties at its Manaila polymetalic mine in Romania, leading to setbacks in production, while the process for securing a sub-licence for another project in the same east European country continued to face delays. The company's Zimbabwe oper

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19 Aug 2016 10:41

Vast Resources To Appoint New Chief Financial Officer And Non-Exec

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