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HomeBusinessAlta Zinc: Raising around $3.6M for Gorno Zinc Project

Alta Zinc: Raising around $3.6M for Gorno Zinc Project

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Alta Zinc: Raising around $3.6M for Gorno Zinc Project

  • Alta Zinc (AZI) has received firm commitments to raise around $3.6 million and will use the money for the Gorno Zinc Project in Italy
  • Participating shareholders will also receive one free attaching option for every three shares issued
  • Approximately 890.5 million shares will be issued at a price of 40 cents each
  • Alta Zinc is also offering eligible shareholders the ability to participate in a share purchase plan with aims to raise up to $500,000
  • Shareholders will be able to purchase up to $30,000 worth of shares at the price the same as the placement
  • Alta Zinc is steady on the market today and shares have been trading for 0.5 cents each since June 12

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