Vast Resources (GB:VAST) has released an update.
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Vast Resources plc, an AIM-listed mining company, has successfully raised £750,000 through the placement of 750 million ordinary shares at a discounted price, with the intent to support its reorganization plan and maintain corporate responsibilities. The fundraiser, conducted by Axis Capital Markets Ltd, will also help the company as it awaits proceeds from concentrate deliveries and funds from a second agreement. The new shares will be admitted to trading on AIM in two phases, with the company’s total issued share capital increasing accordingly after each admission.
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