Zanaga announces $21.5m equity fundraise to advance iron-ore project
Aim-listed Zanaga Iron Ore Company has announced an equity fundraise for gross proceeds of $21.5-million, with the potential to upsize to $23-million, conducted by way of subscriptions to a group of investors with significant experience in the mining industry, and project and infrastructure development, as well as strong relationships in Congo-Brazzaville. The company said on March 3 that the participation of experienced investor and advisory groups would bring world-class expertise in large-scale iron-ore development, financing and project execution into its wheelhouse.
Aim-listed Zanaga Iron Ore Company has announced an equity fundraise for gross proceeds of $21.5-million, with the potential to upsize to $23-million, conducted by way of subscriptions to a group of investors with significant experience in the mining industry, and project and infrastructure development, as well as strong relationships in Congo-Brazzaville. The company said on March 3 that the participation of experienced investor and advisory groups would bring world-class expertise in large-scale iron-ore development, financing and project execution into its wheelhouse.
