Zanaga Iron Ore Completes GBP6 Million Equity Raise
Idag, 10:13
Idag, 10:13
04:13 AM EDT, 05/15/2026 (MT Newswires) -- Zanaga Iron Ore Co. (ZIOC.L) raised 5.6 million pounds sterling through a placing and subscription of 140 million shares priced at 0.04 pound each.
The iron ore exploration and development company said Friday it increased the size of the capital raise following strong institutional investor demand.
Zanaga also raised an additional 91,818 pounds through a retail offer of 2,295,459 new ordinary shares.
The proceeds will provide additional working capital headroom and support the acceleration of various workstreams related to the Zanaga iron ore project in the Republic of the Congo.
Idag, 10:13
04:13 AM EDT, 05/15/2026 (MT Newswires) -- Zanaga Iron Ore Co. (ZIOC.L) raised 5.6 million pounds sterling through a placing and subscription of 140 million shares priced at 0.04 pound each.
The iron ore exploration and development company said Friday it increased the size of the capital raise following strong institutional investor demand.
Zanaga also raised an additional 91,818 pounds through a retail offer of 2,295,459 new ordinary shares.
The proceeds will provide additional working capital headroom and support the acceleration of various workstreams related to the Zanaga iron ore project in the Republic of the Congo.
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