Zinc of Ireland NL Launches Capital Raising Offer

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

Zinc of Ireland NL has announced the launch of its Entitlement Offer, aiming to raise approximately $1.86 million to fund exploration activities on its high-grade zinc projects across Ireland, Canada, and Western Australia. The offer, available exclusively to eligible shareholders in Australia and New Zealand, issues new shares at $0.007 each, adhering to a one-for-one basis with the existing shares. This capital raising initiative is critical for the company’s exploration advancements and the offer period is set between September 10 and September 19, 2024.

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