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Zeotech Limited (ASX:ZEO)

ALERT: Price-sensitive ASX Announcement for ZEO
Current share price for ZEO : $0.077 -0.018 (-18.95%)+
Announcement
Release
29 Sep 2025 9:23AM
Price at Release
$0.095
Full Release
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Summary
Zeotech Limited has successfully completed a $13 million placement, supported by existing and new institutional investors. The placement involved the issuance of approximately 162.5 million new shares at $0.08 each. The funds will support strategic initiatives, including the commencement of mining operations at the Toondoon Kaolin Project and advancing the definitive feasibility study for the AusPozz™ Project, which aims to produce high-reactivity metakaolin for low-carbon cement. The placement reflects investor confidence in Zeotech's strategy and projects, with anticipated significant cash flows from Toondoon by 2026.
Key Points
  • Zeotech raised $13 million through a placement of new shares.
  • 162.5 million shares were issued at $0.08 each.
  • Funds will support the Toondoon Kaolin Project and AusPozz™ Project.
  • Significant cash flows expected from Toondoon by 2026.
  • Placement not subject to shareholder approval.
  • Lead Manager for the placement was Morgans Corporate Limited.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.