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Zinc of Ireland NL ( (AU:ZMI) ) has shared an announcement.
Zinc of Ireland NL has issued 15,000,000 fully paid ordinary shares at a price of $0.01 per share to the vendors of the Mt Clere Project. This issuance was conducted under the company’s placement capacity, adhering to ASX Listing Rule 7.1, and without the need for disclosure under the Corporations Act, indicating compliance with relevant legal provisions. This move is likely to impact the company’s operational capacity and market positioning by potentially enhancing its resource base through the Mt Clere Project.
More about Zinc of Ireland NL
Zinc of Ireland NL operates in the mining industry, focusing on the exploration and development of zinc resources. The company is involved in projects that aim to extract and process zinc, a critical metal used in various industrial applications.
YTD Price Performance: 40.0%
Average Trading Volume: 1,273,470
Technical Sentiment Signal: Buy
Current Market Cap: A$8.51M
See more insights into ZMI stock on TipRanks’ Stock Analysis page.