Zeus Resources Ltd (ASX:ZEU) Completes $300,000 Placement
Placement Completion
Zeus Resources Ltd (ASX: ZEU) has successfully completed a placement raising $300,000 from sophisticated and wholesale investors. The shares were offered at a price of $0.008 each, with options attached to every two shares purchased.
Details of the Placement
The placement will consist of up to 37,500,000 fully paid ordinary shares and up to 18,750,000 free attaching options. These options will be exercisable at $0.02 three years from their issuance date. All financial figures are before costs associated with the placement.
Lead Manager Engagement
To manage the placement, Zeus has appointed GBA Capital Pty Ltd as the lead manager. The engagement with GBA was formalized through a mandate that commenced on 15 November 2024.
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