Zanaga Iron Ore (GB:ZIOC) has released an update.
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Zanaga Iron Ore Company Ltd. (ZIOC) has reached a significant milestone by repaying its loan to Glencore, making the company completely debt-free. The repayment was facilitated by a block sale of shares and additional share subscriptions by Glencore and ZIOC’s Non-Executive Chairman, Mr Clifford Elphick. This financial achievement enhances ZIOC’s position for engaging in discussions with potential strategic partners to advance the company’s initiatives.
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