Zanaga Iron Ore Company Ltd Extension of Shard Facility Tranche 1 (5108A)
September 30 2020 - 1:00AM
UK Regulatory
TIDMZIOC
RNS Number : 5108A
Zanaga Iron Ore Company Ltd
30 September 2020
30 September 2020
Extension of Shard Facility Tranche 1
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 Capital, the
permitted sale period for the first tranche of the Company's shares
issued pursuant to the Subscription Agreement has been extended by
three months, as provided for in the Subscription Agreement. As
announced in the Company's half-year results on 29 September 2020,
of the 7 million shares issued to Shard Capital under the first
tranche of the Subscription Agreement approximately 5 million of
the shares have been successfully placed by Shard Capital as at 28
September 2020.
______________________________________________
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
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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