Vatukoula's investor not deterred by placing delay

Fijian miner Vatukoula Gold Mines has run into some regulatory delays with its share placing, but the good news is that strategic investor Shengen Xintai is still keen to pump money into the firm.

Fijian miner Vatukoula Gold Mines has run into some regulatory delays with its share placing, but the good news is that strategic investor Shengen Xintai is still keen to pump money into the firm.

Vatukoula rose 2p to 42p shortly after announcing that the funding and binding placing agreement with Chinese company Shengen Xintai International Mine Industry has been put back due to delays in obtaining the approval of state authorities in China.

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