FinTechFunding

Alta Zinc: Raises $2M in oversubscribed SPP

  • 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
Previous article
AML3D: Signs contract with Austal
Next article
ACI Worldwide: Powers approximately 75 percent of Hungary’s real-time payments
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

Regulators Brief Banks on Anthropic Cyber Risk Amid Growing Concerns

Regulatory bodies emphasize urgent risks from Anthropic's AI developments. Highlights: Regulators issue warnings about Anthropic's AI-related cyber risks.Financial institutions...
FinTech

GoCardless Achieves Profitability in First Quarter

Fintech company GoCardless reports a significant financial milestone. Highlights: GoCardless has posted its first profitable quarter.The fintech company reported...
FinTech

AI Fintech Startup Round Raises $6 Million to Accelerate Growth

Funding will enhance AI-driven financial solutions for consumers. Highlights: AI fintech startup raises $6 million in funding.Investment aimed at...
FinTech

Wise Strengthens US Presence by Shifting Primary Listing

The fintech firm moves its primary share listing to the United States. Highlights: Wise to change primary listing from...