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

MAS Develops AI Risk Management Toolkit to Strengthen Financial Sector

New toolkit aims to enhance risk management within Singapore's finance industry. Highlights: MAS launches an AI Risk Management Toolkit...
FinTech

JPMorgan Pilots Software to Monitor Junior Bankers’ Working Hours

New initiative aims to enhance oversight of junior employee hours worked. Highlights: JPMorgan tests software to monitor working hours...
FinTech

Goldman Sachs to Implement Performance-Based Staff Cuts in April

The bank plans restructuring amidst shifting financial landscape. Highlights: Goldman Sachs plans performance-based staff cuts in April.The restructuring aims...
FinTech

Nasdaq Secures SEC Approval for Trading Tokenized Securities

This marks a significant advancement in digital asset trading. Highlights: Nasdaq gains SEC approval for trading tokenized securities.This approval...