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- New World Resources (NWC) has requested two consecutive trading halts for an upcoming capital raise
- The company will remain in the halt until August 7 or when an announcement is made
- Just yesterday, New World received high-grade assays from its Antler Copper Project in Arizona, U.S.
- High-grade mineralisation was intersected in an additional seven holes with results peaking at 4.6 per cent copper equivalent
- Shares in New World last traded for three cents on July 31
New World Resources (NWC) has requested two consecutive trading halts for an upcoming capital raise.
The company will remain in the halt until August 7 or when an announcement is made.
Just yesterday, New World received high-grade assays from its Antler Copper Project in Arizona, U.S.
High-grade mineralisation was intersected in an additional seven holes with results peaking at 4.6 per cent copper equivalent.
The company stated it is continuing to drill at the Antler Project with aims to evaluate the depth and strike extensions.
New World last entered a trading halt in April in regards to a $1.25 million capital raising.
113.64 million shares were issued to investors at 1.1 cents, representing a 15.3 per cent discount to the 20-day volume-weighted average price.
The company completed the placement in early May and stated it would use the money to expand exploration and development activities at Antler.
Shares in New World last traded for three cents on July 31.
