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Vast Resources secures $15mln facility to bring Baita Plai and its diamonds into production

Vast Resources' (LON:VAST) CEO Andrew Prelea, Andrew Hall who's head of corporate development as well as CFO Paul Fletcher speak to Proactive London's Andrew Scott following the news they've secured a $15mln financing facility.

They say the funds will predominantly be used to bring Baita Plai and the Diamond Concession into production

Quick facts: Vast Resources PLC

Price: 0.22 GBX

AIM:VAST
Market: AIM
Market Cap: £26.9 m
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Vast Resources raises £1.5mln to settle Atlas payment and funding for first...

Vast Resources PLC's (LON:VAST) Andrew Prelea speaks to Proactive London after announcing they've raised £1.49mln via a placing of shares at 0.18p. He says the cash raised will provide funds to settle Vast’s liability to Atlas Capital Markets at the end of July or during August 2020 as well...

on 22/6/20

2 min read