Further Subscription to Raise approximately £0.4 million and Issue of Fee Shares
Vast Resources plc (AIM: VAST) has raised a further £427,000 through a subscription for 6.84 million new shares at 6.25p each, following completion of its reverse takeover and return to AIM trading.
The subscriber, who was unable to participate in the earlier fundraising due to timing constraints, is investing on the same terms as previous subscribers and has indicated an intention to remain a long-term shareholder.
The new shares are subject to six-month orderly market provisions, with any transfers during that period generally required to be conducted through the company’s broker.
Vast said the proceeds will be used for general working capital.
Separately, consultants have agreed to convert £58,355 of outstanding fees into 933,680 new shares, also priced at 6.25p each.
Admission of both the subscription shares and fee shares to AIM is expected on or around 25 August 2026.
Following admission, Vast will have approximately 1.654 billion ordinary shares in issue.
