Advance ZincTek confirmed that Ankla, a branch of the Mizikovsky Group, made an off-market takeover bid for its shares.

Ankla offered $1.05 per share or expressed a preference to acquire up to 11,237,709 shares of Advance ZincTek.

Shareholders have been advised not to wait to take any actions regarding the offer until they have received the formal bidder's statement from Ankla or the target's statement from the company.