Vast gains approval needed to secure funding for Romania projects

May 30, 2017

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The Reserve Bank of Zimbabwe (RBZ) has given the necessary approval for the disposal by Aim-listed Vast Resources of noncontrolling interests in the Pickstone-Peerless gold mine and the Giant gold project, in Zimbabwe. In January, Vast entered into an agreement with SSCG Africa Holdings (SSA), comprising a $4-million long-term loan and a $4-million payment for acquiring 49.99% of Vast’s principal Zimbabwean assets.

Category: General