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Toho Zinc Sees Large-Scale Exercise of Share Warrants

-- Toho Zinc (TYO:5707) said 3,656 units of its first series of share acquisition rights were exercised between April 1 and April 16, representing 10.45% of the total issued, according to a Friday filing on the Tokyo Stock Exchange.

The exercise resulted in the issuance of 365,600 shares during the period. The share acquisition rights were issued to Apricus Partners through a third-party allotment in March.

Toho Zinc said 29,464 units of the rights, equivalent to about 3 million shares, remained unexercised as of April 16.

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