Zinc of Ireland NL Partially Successful Entitlement Offer

Zinc of Ireland NL (AU:ZMI) has released an update.

Zinc of Ireland NL successfully raised approximately $1.036 million through its entitlement offer, with shareholders subscribing to 56% of the new shares offered. Despite not reaching the maximum subscription, the company has managed to issue 148 million new shares, with remaining shortfall shares to be placed by company directors.

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