Vast, SSCG extend financing agreement as RBZ lags

April 7, 2017

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Aim-listed Vast Resources on Friday said that it was still awaiting approval from the Reserve Bank of Zimbabwe (RBZ) for the assignment of 49.99% of its loan account with Canape. The company noted that the outstanding approval would hamper its financing arrangement with SSCG Africa Holdings, which would provide Vast with $8-million, principally to advance core activities in Romania.

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