Vast secures $10m in funding for Romanian projects

Aim-listed Vast Resources has entered into a conditional heads of terms relating to a proposed investment of up to $10-million in Vast by a corporate finance and investment firm in Romania. The proposed investment will be made in two stages, with $8-million to be paid at stage one and $2-million at stage two.  Stage one is a direct subscription by the investor for new shares in Vast Resources Romania (VRR), which will hold all Vast's Romanian assets.