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

Nium Launches Dual-Network Stablecoin Card Issuance Platform

New platform aims to streamline stablecoin card issuance and enhance user experience. Highlights: Nium unveils a new platform for...
FinTech

Wise Launches UK Current Accounts, Expanding Financial Services

The new accounts aim to simplify banking for UK customers. Highlights: Wise introduces current accounts to UK market.The new...
FinTech

Lloyds Bank Strengthens Research on AI Impact in Software Engineering

The collaboration aims to explore the future of technology in banking. Highlights: Lloyds Bank partners with the University of...
FinTech

Valt Bank Secures De Novo Bank Charter, Expanding Banking Options

New bank charter enables Valt Bank to offer innovative financial services. Highlights: Valt Bank has been granted its de...