RE: Bolivian president pushing lithium20 Sep 2018 13:00
Zanaga Iron Ore Company Limited, the iron ore exploration and development company with operations in the Republic of Congo (Congo Brazzaville), is pleased to announce a placing of new and existing shares which has raised gross proceeds of £62.1m (US$100m) through the placing of 39,815,258 ordinary shares (the "Placing") at 156p each (the "Placing Price").  The Placing, which was conducted by Liberum Capital Limited, who acted as Nomad, Financial Adviser and Sole Broker to the Placing, comprised the issue by the Company of 19,907,629 new shares and the sale of 19,907,629 sale shares by certain existing shareholders. The placing of the 19,907,629 new shares by the Company will raise £31.06m ($50m), before expenses. Admission of the entire issued share capital of the Company to trading on AIM is expected to commence at 8.00am today.