SX-listed Energia’s rights offer to raise A$3.13-million has closed oversubscribed, which CEO Alexander Burns said on Wednesday showed that its shareholders endorsed the company’s strategy for the Gorno project, in Italy.
“The rights issue proceeds will leave us well positioned to advance this high-value zinc project with the added benefit of the latest encouraging exploration results and in time for a forecast global supply shortage of the metal,” he commented in a statement.
