Zinc of Ireland capital raising success

Zinc of Ireland (ASX:ZMI) has completed a significant capital raising effort, placing 92,073,319 fully paid ordinary shares at $0.007 per share. This initiative raised $644,513 under the Shortfall Offer. The company plans to issue an additional 25,560,489 shares, requiring shareholder approval at the upcoming Annual General Meeting.

Zinc of Ireland's strategic outlook

Zinc of Ireland has successfully raised $644,513 through a share placement, with plans to issue more shares pending shareholder approval. The company also aims to raise an additional $250,000 under the same terms as the previous offer. This effort highlights the support from investors and the company's strategic focus on leveraging its assets and exploring mergers and acquisitions. The Board of Directors has authorized this announcement, with commentary from Non-Executive Director, Mr. Thomas Corr, acknowledging investor support and outlining future plans. The company's leadership, headed by Non-Executive Chairman Peter Huljich, remains optimistic about the company's growth and strategic opportunities.

Executive commentary on capital raising

Zinc of Ireland NL is extremely grateful for the support from both existing and new investors. We are looking forward to leveraging our strong asset base and exploring potential mergers and acquisitions.