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Alta Zinc: Raises $2M in oversubscribed SPP

September 3, 2020

Alta Zinc (AZI) has completed its oversubscribed share purchase plan (SPP) raising $2 million
The company was originally aiming to raise $500,000, but ended up increasing the size of the SPP by $1.5 million
The SPP and AZI’s placement, completed on August 27, brings the total amount raised to $5.6 million
Alta Zinc will use the funds to develop its Gorno Zinc Project in Italy
Gorno formerly included three separate base metal exploration licences, but now these have been merged into one
Company shares remain steady and are trading for 0.6 cents per share