Vast Resources PLC (LON:VAST) speaks to Proactive's Andrew Scott after announcing they've raised £900,000 via a placing and subscription of just under 61mln shares at a price of 0.15p each.
He says the idea behind the raise was to help them accelerate and get better terms and conditions for the refinancing of its current facility.
''This was a last minute decision on the back of the met testing ... when your results are this good and you can improve on that and add value to the particular asset it was worthwhile''.