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Ironbark Zinc in trading halt ahead of capital raising news

The company’s securities will remain in trading halt until October 25 or when an announcement is made to market.

Ironbark Zinc Ltd - Ironbark Zinc in trading halt ahead of capital raising news
Ironbark is focused on development of the Citronen Zinc-Lead Project in Greenland

Ironbark Zinc Ltd (ASX:IBG) has capital raising news pending and has been granted a trading halt by the ASX.

The halt will remain in place until the start of normal trading on Friday, October 25, 2019, or when an announcement is made to the market, whichever occurs earliest.

IBG's securities last traded at 1.7 cents, down from 2.1 cents in mid-September.

New managing director

In September the company appointed experienced commercial and corporate executive Michael Jardine to the role of managing director.

Jardine’s previous experience included director for Atrum Coal Ltd (ASX:ATU) and Pegasus Metals Ltd, which is now Scorpion Minerals Ltd (ASX:SCN).

He is currently a non-executive director of TNT Mines Ltd (ASX:TIN) as well as Indus Energy NL (ASX:IND).  

The new managing director said: “I am very pleased to be taking on this role at a key stage in Ironbark’s development journey and am excited by the challenge of helping build what will be a world-class zinc mine.”

Quick facts: Ironbark Zinc Ltd

Price: 0.015 AUD

ASX:IBG
Market: ASX
Market Cap: $13.8 m
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Ironbark Zinc demonstrates 'proof of concept that derisks the project in a...

Jonathan Downes, managing director of Ironbark Zinc Ltd (ASX:IBG), speaks to Proactive Investors about development of the Citronen Zinc-Lead Project in northern Greenland, as the emerging producer announces hitting the milestone of demonstrating shipping access. A mining services...

on 3/9/18

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