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
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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.

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