Zanaga Iron Ore (GB:ZIOC) has released an update.
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Zanaga Iron Ore Company Limited has issued 2 million new shares following the exercise of options by a former management member and granted 1.5 million share options to CEO Martin Knauth, aiming to incentivize management. The new shares are expected to be admitted to trading on the AIM market of the London Stock Exchange by early September, increasing the total number of shares to 675,793,471. This move aligns with the company’s efforts to progress the Zanaga Project and engage with strategic investors.
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