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Vast Exploration Inc Announces $2,000,000 Private Placement


Wednesday, 9 Oct 2013 07:00am EDT 

Vast Exploration Inc announced that it intends to complete a non-brokered private placement financing for gross proceeds of up to $2,000,000. In connection with the private placement, Vast will sell up to 13,333,334 common shares at a price of $0.15 per Share for gross proceeds of $2,000,000. Closing of the financing is subject to receipt of applicable regulatory approvals including approval of the TSX Venture Exchange. The securities issuable in connection with the financing will be subject to resale restrictions for a period of four months plus one day from the closing date. The Closing Date of the Offering is scheduled to be on or about November 14, 2013. The Company intends to use the net proceeds of the financing to strengthen the corporate balance sheet, pay outstanding liabilities, pursue potential acquisition opportunities and for general corporate purposes. Vast may pay finder's fees in connection with the financing. 

Company Quote

0.145
-0.0050 -3.33%
28 Feb 2014