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Share Price: 0.19
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Change: -0.01 (-5.00%)
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Vast Resources Raises GBP900,000 In Placing To Progress Baita Plai (ALLISS)

Thu, 30th May 2019 11:27

LONDON (Alliance News) - Vast Resources PLC said Thursday it has raised GBP900,000 through a placing, the proceeds will go towards progressing work at the Baita Plai polymetallic mine in Romania and general working capital purposes.

Vast Resources issued 775.9 million shares at a price of 0.116 pence per share, in a placing undertaken by joint broker SVS Securities PLC.

Shares in the miner were 8.9% lower at 0.11 pence on Thursday, giving it a market capitalisation of GBP9.2 million.

Vast is looking to use the proceeds from the placing to incur some of the needed pre-production expenditure for Baita Plai in order to reduce the lead time up to the start of production.

The expenditure includes the start of the installation of a seven-kilometre tailings pipe to the tailings dam, as well as the installation of a new, independent electricity supply at the Baita Plai project.

There also is the cost of the independent report from SRK Consulting UK Ltd for its Romanian projects.

Following the new share issue, Vast Resources now has 8.72 billion shares issued overall.

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18 Dec 2019 14:14

Vast Resources To Get First Part Of USD15 Million Facility By 2019-End

Vast Resources To Get First Part Of USD15 Million Facility By 2019-End

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16 Dec 2019 16:22

Vast Resources announces cold commissioning of Baita Plai

(Sharecast News) - Mining company Vast Resources announced the cold commissioning of Baita Plai Polymetallic Mine on Monday.

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28 Nov 2019 16:41

Botswana Diamonds And Vast Resources Agree Terms For New Zimbabwe Deal

Botswana Diamonds And Vast Resources Agree Terms For New Zimbabwe Deal

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28 Nov 2019 16:05

Vast Resources revises agreement with Botswana Diamonds

(Sharecast News) - Romania and Zimbabwe-focussed mining company Vast Resources has revised its agreement with Botswana Diamonds as a consulting partner in the development of the Chiadzwa Community Diamond Concession in the Marange Diamond Fields of Zimbabwe, it announced on Thursday.

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11 Nov 2019 12:05

Vast Resources Appoints Chief Financial Officer Fletcher To Board

Vast Resources Appoints Chief Financial Officer Fletcher To Board

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11 Nov 2019 11:55

Paul Fletcher joining Vast Resources board as finance director

(Sharecast News) - Mining company Vast Resources announced the appointment of Paul Fletcher as its finance director on Monday, with immediate effect.

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30 Oct 2019 16:10

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

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22 Oct 2019 15:34

Vast Resources Down After Chiadwza Diamond Project Financing Delay

Vast Resources Down After Chiadwza Diamond Project Financing Delay

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11 Oct 2019 15:44

Vast Resources reassures shareholders over Chiadzwa progress

(Sharecast News) - Mining company Vast Resources updated the market on progress at the Chiadzwa Community Diamond Project on Friday.

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8 Aug 2019 11:10

Vast Resources Raises GBP655,000 To Fund Zimbabwe Operations

(Alliance News) - Vast Resources PLC said Thursday it has raised GBP655,000 through a placing and subscription, which will go towards strategic operational requirements in Zimbabwe.Vast at

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17 Jun 2019 09:36

Vast Resources reaches agreement over Heritage Diamond Concession

(Sharecast News) - Vast Resources updated the market on the Heritage Diamond Concession on Monday, reporting that following a number of meetings in Harare last week between its senior management, local community leaders and the parastatal Zimbabwe Consolidated Diamond Company (ZCDC), a road map to closing the agreements that would enable the firm to mine on the concession had now been established.

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30 May 2019 14:44

Vast Resources raises ?0.9m through placing

(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.

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28 May 2019 15:10

Vast Resources Hires Debt Advisor To Help Structure Swiss Bank Loan

LONDON (Alliance News) - Vast Resources PLC on Tuesday said it has retained a specialist natural resources debt advisor to assess its debt capital and help with the structuring of its Swiss Bank -

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29 Apr 2019 17:40

Vast Resources Gets Draft Indicative Terms For USD10 Million Loan

LONDON (Alliance News) - Vast Resources PLC said Monday it has received a draft indicative term sheet from an unnamed Swiss bank for a loan of up to USD10 million to finance the company's in

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