Investment from US firm sees Vast raising £5m

Diversified minerals miner Vast Resources, which has operations in Zimbabwe and Romania, has entered into an agreement with US-based Crede Capital that will see the investment group subscribing for new ordinary shares in Vast of 0.1p each to raise up to £5-million. The deal provided for the issue of ordinary shares to Crede Capital in four separate tranches, occurring at 90-day intervals, with each tranche equal to £1.25-million in quantum.