Hugh Morgan backing Alta's Italian zinc play

HUGH Morgan is among the new backers of the Gorno zinc project in northern Italy after the former Western Mining supremo’s private equity group Arete Capital Partners introduced a consortium of investors putting A$3 million cash into Gorno’s owner Alta Zinc.

Hugh Morgan backing Alta's Italian zinc play Hugh Morgan backing Alta's Italian zinc play Hugh Morgan backing Alta's Italian zinc play Hugh Morgan backing Alta's Italian zinc play Hugh Morgan backing Alta's Italian zinc play

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The consortium, which includes wealthy Melbourne industrial Victor Smorgon, will subscribe for shares in ASX-listed Alta priced at 1.1c.