Zanaga Iron Ore (GB:ZIOC) has released an update.
Zanaga Iron Ore Company Ltd has announced that Shard Merchant Capital Ltd is seeking to waive share trading restrictions in order to sell approximately 14.38 million shares, with the condition of trading 24 million new Ordinary Shares on AIM. Glencore and Mr. Clifford Elphick have expressed interest in subscribing to new shares which would increase their respective stakes to 43.17% and 12.23%. The company is considering granting the waiver and will make further announcements regarding the subscriptions.
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