Vast Resources PLC (LSE:VAST, FRA:D9A), the mining company with precious and polymetallic projects in Tajikistan and Romania, has raised £427,000 through a further share subscription.
The company issued 6.8 million new ordinary shares at 6.25 pence each to a single individual investor.
The subscriber had been unable to take part in an earlier fundraising, announced on 31 July, because of time constraints.
The latest deal carries the same terms as that earlier raise, including a commitment from the investor to hold the shares long term.
Under orderly market provisions, the subscriber cannot transfer the shares for six months after admission, other than through Vast's broker on terms no less favourable than those available elsewhere.
Proceeds will go towards general working capital.
Separately, consultants to the company have agreed to convert £58,355 of outstanding fees into 933,680 new shares at the same 6.25 pence price.
