Vital placement for Africa exploration

VITAL Metals has raised $A5 million in a heavily oversubscribed placement to pay down its debts and fund further exploration over its gold assets in Burkina Faso.

Vital placement for Africa exploration Vital placement for Africa exploration Vital placement for Africa exploration Vital placement for Africa exploration Vital placement for Africa exploration

The new cash will come from a placement of 400 million new shares at 1.25c each to professional and sophisticated investors, a 26.5% discount to its last closing price of 1.7c.

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