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Zanaga Iron Ore ( (GB:ZIOC) ) has provided an update.
Zanaga Iron Ore Company Limited announced that its CEO, Martin Knauth, has exercised share options under the company’s long-term incentivization plan, resulting in the issuance of 1,500,000 new ordinary shares. These shares are expected to be admitted to trading on the AIM Market of the London Stock Exchange by the end of May 2025. This move increases the total number of ordinary shares to 832,379,996, impacting shareholder calculations under the FCA’s rules.
More about Zanaga Iron Ore
Zanaga Iron Ore Company Limited is an iron ore exploration and development company with its flagship asset, the Zanaga Iron Ore Project, located in the Republic of Congo. The project boasts a 6.9 billion tonne resource and a 2.1 billion tonne reserve, designed for high-grade pellet feed production. With key permits in place, Zanaga is positioned to leverage growing demand for high-quality, low-impurity iron ore.
Average Trading Volume: 928,358
Technical Sentiment Signal: Buy
Current Market Cap: £64.23M
For an in-depth examination of ZIOC stock, go to TipRanks’ Stock Analysis page.