Zinc of Ireland NL (AU:ZMI) has released an update.
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Zinc of Ireland NL is inviting its shareholders to participate in a capital raising effort through an Entitlement Offer and Shortfall Offer priced at $0.007 per new share. The company has already raised approximately $367,577 through a Placement with professional investors, and aims to raise further funds to continue its projects and for general working capital. The offer is directed towards eligible shareholders with a focus on rewarding long-term investors and facilitating the company’s ongoing exploration and development activities.
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