Alta Zinc (ASX:AZI) raises $2M in oversubscribed SPP

Mining

ASX:AZI MCAP $18.66M

Managing Director, Geraint HarrisSource: Metal Bulletin

• Alta Zinc (AZI) has completed its oversubscribed share purchase plan (SPP) raising $2 million
• The company was originally aiming to raise $500,000, but ended up increasing the size of the SPP by $1.5 million
• The SPP and AZI's placement, completed on August 27, brings the total amount raised to $5.6 million
• Alta Zinc will use the funds to develop its Gorno Zinc Project in Italy
• Company shares remain steady and are trading for 0.6 cents per share

Read the full article on The Market Herald here: https://themarketherald.com.au/altra-zinc-asxazi-raises-2m-in-oversubscribed-spp-2020-09-03/