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

UK Authorities Tighten Regulations on P2P Crypto Trading

New measures aim to enhance security for crypto traders in the peer-to-peer market. Highlights: UK authorities introduce new regulations...
FinTech

Citi Wealth Strengthens Services with New AI-Powered Team Member

Citi Wealth Management introduces advanced AI technology for enhanced client experience. Highlights: Citi Wealth Management has launched a new...
FinTech

Coinbase Lists First GBP Stablecoin, Expanding Market Options

The new stablecoin aims to enhance trading in the UK market. Highlights: Coinbase has launched the first GBP stablecoin.This...
FinTech

Former Royal Mint Executives Secure Backing for Precious Metals Trading Platform

New platform aims to modernize precious metals trading for investors. Highlights: Former Royal Mint executives launch a new trading...