RE: Placing Price ?14 Oct 2024 08:14
There you go:
14 October 2024
Vast Resources plc
(‘Vast’ or the ‘Company’)
Placing to raise £750,000
Vast Resources plc, the AIM-listed mining company, announces that it has raised £750,000 gross through a placing (the ‘Placing’) of 750,000,000 ordinary shares of 0.1p in the Company (‘Ordinary Shares’) at a price of 0.1p per Ordinary Share representing a 19.3% discount to the 5-day VWAP. The Placing was undertaken by the Company’s joint broker, Axis Capital Markets Ltd (‘Axis’).
The net cash raised from the Placing will be used to maintain the business to comply with the reorganisation plan at Baita Plai and to have sufficient funds available to see the Company maintain its corporate obligations while the Company awaits the proceeds from concentrate deliveries and incoming funds from the delivery of the Second Agreement as announced and defined on 11 September 2024.