Glencar shareholders have approved the rights issue to raise $5.35 million. Chairman, Mr Richard Hooper, said the way is now clear to recommence exploration activity on the "company's very prospective ground holdings".

The first programme to be commenced will be on the Kildare project on the Rathdowney Trend which hosts the Galmoy and Lisheen zinc/lead mines. Drilling is expected to start next week.