14th Dec 2021 19:16
Zinnwald Lithium PLC - High Wycombe, England-based mineral exploration and development company - Raises GBP5.8 million through a placing and retail offer of shares, which will go towards advancing the Zinnwald Lithium project in Germany towards a bankable feasibility study for lithium hydroxide.
Under the placing, 13.2 million shares were issued at a price of 15.5 pence per share, while 11.7 million shares were issued under the retail offer. Company now has 293.4 million shares issued overall.
"I am pleased to announce the results of this successful Fundraising to enable us to advance the development of the Zinnwald Lithium project with the target of being a meaningful European lithium producer. The last 15 months have been a transformative time for the company and I welcome all our new investors to the company and thank our existing shareholders for their ongoing support," says Chief Executive Officer Anton du Plessis.
Current stock price: 15.80 pence, down 21% on Tuesday
Year-to-date change: up 37%
By Dayo Laniyan; [email protected]
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