The share placement to existing shareholders was withdrawn as the SP fell below the raising price of 2cents.
ZRL advised that they have enough cash to proceed with drilling without the share placement because...
ZRL is also receiving debt funding from sources that will have the option of turning that debt funding into 2cent shares if they wish - that's effectively a raising at 2cents, especially if drillings is favourable.
ZRL Price at posting:
1.7¢ Sentiment: Hold Disclosure: Held
