Aim-listed Vast Resources has raised in aggregate £901 416.66 through a placing and a subscription of ordinary shares in the company.
The placing was undertaken by the company’s joint broker Axis Capital Markets.
The cash raised from the placing and subscription will be applied to provide immediate funding of the costs of accelerating and expanding the company’s drilling and metallurgical test work process at the Baita Plai polymetallic project in Romania, and for general working capital.