Zinc of Ireland NL Announces Capital Raise

Zinc of Ireland NL (AU:ZMI) has released an update.

Zinc of Ireland NL is set to raise $2.2 million through a non-renounceable entitlement offer and a placement, with the entitlement offer allowing shareholders to purchase new shares at $0.007 each. The placement for sophisticated and professional investors has already been completed, raising approximately $368k. The company expects the offer to have minimal impact on company control, provided it is fully subscribed.

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