Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Zinc of Ireland NL ( (AU:ZMI) ) has shared an announcement.
Zinc of Ireland NL has issued 82,301,603 fully paid ordinary shares at $0.01 per share under a recently announced placement, utilising its existing placement capacity under ASX Listing Rule 7.1. The company confirmed the shares were issued without a prospectus under the Corporations Act disclosure exemptions, and stated it remains compliant with its financial reporting and continuous disclosure obligations, with no undisclosed price-sensitive information identified.
The share issue strengthens Zinc of Ireland NL’s capital position to support its ongoing activities in the zinc exploration and development sector, potentially providing additional funding flexibility for its Irish projects. By affirming regulatory compliance and the absence of excluded information, the company aims to give investors confidence in the transparency of the placement and its adherence to Australian corporate governance standards.
More about Zinc of Ireland NL
Zinc of Ireland NL is an ASX-listed resources company focused on the exploration and development of zinc assets in Ireland. The company operates within the base metals sector, targeting opportunities that can leverage global demand for zinc and related commodities.
YTD Price Performance: 100%
Average Trading Volume: 944,912
Technical Sentiment Signal: Sell
Current Market Cap: A$11.64M
Learn more about ZMI stock on TipRanks’ Stock Analysis page.