Toho Zinc (TYO:5707) said payment for the issuance of its first series of share acquisition rights through a third-party allotment was completed, according to a Monday filing on the Tokyo Stock Exchange.
The company issued 35,000 share acquisition rights at 1,736 yen each, representing a potential issuance of 3.5 million common shares.
If fully exercised, the warrants could raise about 6.14 billion yen, including 60.8 million yen from the issuance and about 6.1 billion yen from share exercises. The rights were allotted to Apricus Partners and can be exercised between March 17, 2026, and March 17, 2028.
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