Vast says strategic investment will be at project level

Aim-listed Vast Resources reported on Tuesday that it would not issue new shares to the potential strategic investors that it has been talking to and that any forthcoming investment would be at solely at project level. In an update on its discussions regarding a potential $10-million strategic investment from a Romanian investor, Vast stated that there was no longer any intention to offer a subscription of new shares at 0.4p that would given the investor 29.9% of the enlarged share capital of the company.