Zanaga Iron Ore Company Ltd Funding Update (1094L)
08 Enero 2021 - 07:26AM
UK Regulatory
TIDMZIOC
RNS Number : 1094L
Zanaga Iron Ore Company Ltd
08 January 2021
8 January 2021
Shard Facility - Tranche 1 completed & Tranche 2
subscription
Zanaga Iron Ore Company ("ZIOC" or the "Company") (AIM:ZIOC)
announces that, further to the announcement dated 26 June 2020 in
relation to the Subscription Agreement with Shard Merchant Capital
Ltd ("SMC") , ZIOC is pleased to report that the first tranche of 7
million ordinary shares of no par value in the Company ("Ordinary
Shares") issued pursuant to the Subscription Agreement have been
successfully placed by SMC. As provided for in the Subscription
Agreement, SMC has now subscribed for the second tranche of 7
million Ordinary Shares ("Second Tranche Subscription Shares"),
conditional, amongst other things on admission of those shares to
trading on AIM ("Admission").
ZIOC received net proceeds of approximately GBP412,322.18 in
aggregate in relation to the placing by SMC of the first tranche of
7 million Ordinary Shares under the Subscription Agreement.
The Company has submitted an application for Admission and
Admission is expected to take place on 11 January 2021. The Second
Tranche Subscription Shares will rank pari passu with the Company's
existing Ordinary Shares from Admission. The Company does not hold
any shares in treasury and therefore, following Admission, the
total number of Ordinary Shares and voting rights in the Company
will be 300,034,367.
This figure of 300,034,367 Ordinary Shares may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.
______________________________________________
The Zanaga Iron Ore Company Limited LEI number is
21380085XNXEX6NL6L23.
Zanaga Iron Ore
Corporate Development and Andrew Trahar
Investor Relations Manager +44 20 7399 1105
Liberum Capital Limited
Nominated Adviser, Financial Scott Mathieson, Edward Thomas
Adviser and Corporate Broker +44 20 3100 2000
This announcement contains inside information. Upon the
publication of this announcement, this inside information is now
considered to be in the public domain.
About us:
Zanaga Iron Ore Company Limited ("ZIOC" or the "Company") (AIM
ticker: ZIOC) is the owner of 50% less one share in the Zanaga Iron
Ore Project based in the Republic of Congo (Congo Brazzaville)
through its investment in its associate Jumelles Limited. The
Zanaga Iron Ore Project is one of the largest iron ore deposits in
Africa and has the potential to become a world-class iron ore
producer.
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END
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