Following on from its recently completed open offer, Vast Resources PLC (LON:VAST) has raised £364,900 by issuing shares to investors at 0.285p a share.
The placing and the subscription, announced after the close of trading in London last night, are on the same terms as the recent open offer. The newly issued shares represent around 4.51% of the enlarged share capital
The company, which has operations in Romania and Zimbabwe, said the latest fund-raising would provide additional working capital.
"We are very pleased with the additional support from shareholders towards achieving the company's mining objectives," said Roy Pitchford, Vast's chief executive officer.
Vast’s shares rose 5% to 0.305p in early deals.