Zanaga Iron Ore (GB:ZIOC) has released an update.
Zanaga Iron Ore Company Ltd announces its intent to issue a final tranche of shares under its current agreement with Shard Merchant Capital Ltd and to establish a new equity subscription for additional capital. The new agreement could potentially increase the company’s share capital by approximately 7.4%. Proceeds from the equity subscriptions are aimed at boosting general working capital and supporting the ongoing Zanaga Iron Ore Project.
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