CZL.- $2.04 MILLION FULLY UNDERWRITTEN PRO-RATA NON-RENOUNCEABLE ENTITLEMENT OFFER TO REFURBISH AND COMMENCE PRODUCTION FROM WHOLLY OWNED PLOMOSAS CONCENTRATOR

20200916-CZL-ENTITLEMENT-ISSUE-FINAL-ASX-LODGEMENT

Consolidated Zinc Limited (“Company”) (ASX:CZL) is pleased to announce that it intends to undertake a fully underwritten non-renounceable pro rata entitlement offer on the basis of three (3) new fully paid ordinary shares (“New Shares”) for every eleven (11) Shares held on 24 September 2020 (“Record Date”) at an issue price of A$0.003 per New Share to raise $2,038,291 (before costs), together with one (1) free attaching
quoted option (ASX:CZLOB) for every three (3) New Shares subscribed for and issued, exercisable at A$0.006 on or before 1 June 2023 (“New Options”) (“Offer”). The Company expects to lodge a prospectus for the purpose of the Offer (“Offer Document”) with ASIC on or about Friday, 18 September 2020.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s