Alta Zinc (ASX: AZI) is proceeding with a 4 for 5 non-renounceable pro-rata rights issue of fully paid ordinary shares at an offer price of $0.004 (0.4 cents) per new share to raise up to approximately $4.38 million. The raising is being undertaken to provide the company with funding for a range of development initiatives at its flagship Gorno zinc project in Italy.
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