By Jaime Llinares Taboada
Vast Resources PLC said Tuesday that it has raised 420,000 pounds ($547,176) via share issue to existing shareholders to purchase equipment for its Baita Plai polymetallic mine in Romania.
The mining company said it has issued 50 million shares at a price of 0.84 pence each, representing a 60% premium to the closing price on Monday. Investors will also receive 160 million warrants at a price of 0.525 pence each, exercisable by April 2023.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT
Corrections & Amplifications
This story was correct at 0709 GMT. The original incorrectly said the issue price was at a 60% discount instead of 60% premium.
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April 12, 2022 at 01:45PM
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Vast Resources Raises GBP420,000 to Equip Baita Plai Mine in Romania - MarketWatch
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