Zeus Resources Ltd Announces Oversubscribed SPP and Additional $300,000 Placement

Highlights:

• Oversubscribed SPP: Zeus Resources Ltd (ASX: ZEU) successfully concluded its Share Purchase Plan, reflecting strong shareholder confidence.
• Additional Placement: The company announced a $300,000 strategic placement at $0.008 per share, including one free attaching option for every two shares subscribed.
• Funds Utilization: Proceeds will support exploration activities, tenement management, new project evaluations, and corporate requirements.

Strategic Capital Raise to Propel Growth

Zeus Resources Ltd (ASX: ZEU) has successfully completed an oversubscribed Share Purchase Plan (SPP) at the time of writing, signaling strong shareholder confidence in the company’s strategic vision. Building on this success, Zeus has announced an additional $300,000 capital raise through a strategic placement of fully paid ordinary shares to sophisticated and wholesale investors.

Placement Details

The placement involves the issuance of 37,500,000 shares at $0.008 each, an 11% discount to the 30-day VWAP of $0.009. Investors will also receive one free attaching option for every two shares subscribed, exercisable at $0.02 within three years. The placement will strengthen Zeus’s financial position, pending shareholder approval at the next General Meeting to refresh its placement capacity.

Use of Funds
The $300,000 raised will support key initiatives, including:

• Advancing project data compilation and geophysical studies.
• Drilling, assay, and tenement management.
• Conducting due diligence for new project opportunities.
• Meeting corporate and working capital requirements.

Partnership with GBA Capital

Zeus has appointed GBA Capital Pty Ltd as the lead manager for the placement. GBA will receive a 3% fee on the gross amount raised. GBA is known for its expertise in equity sales, trading, and corporate advisory for emerging ASX-listed entities.

Path Forward

This strategic capital raise positions Zeus Resources to accelerate its exploration activities and evaluate new growth opportunities, demonstrating the company’s commitment to delivering long-term shareholder value.

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