Alta Zinc: Raising around $3.6M for Gorno Zinc Project
- Alta Zinc (AZI) has received firm commitments to raise around $3.6 million and will use the money for the Gorno Zinc Project in Italy
- Participating shareholders will also receive one free attaching option for every three shares issued
- Approximately 890.5 million shares will be issued at a price of 40 cents each
- Alta Zinc is also offering eligible shareholders the ability to participate in a share purchase plan with aims to raise up to $500,000
- Shareholders will be able to purchase up to $30,000 worth of shares at the price the same as the placement
- Alta Zinc is steady on the market today and shares have been trading for 0.5 cents each since June 12
