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ZincOx Resources plc Announces Placing
ZincOx Resources plc announced that conditional placing of 14.36 million new Ordinary Shares at a price of 45 pence per share to raise approximately GBP6.5 million before expenses (the Placing). The Company anticipates that the Placing proceeds will enable the Company to complete the ramp-up of its first recycling plant, KRP1, to begin to progress the expansion of the KRP2 and projects in other parts of the world, and to provide working capital .
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