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- Great Boulder Resources (GBR) has requested back-to-back trading halts ahead of a proposed capital raise
- The halts will remain in place until August 12 or when the announcement is released
- In its June quarterly report, Great Boulder announced it had $717,000 in total cash reserves — meaning it could fund operations for just one more quarter
- As a result, Great Boulder claimed it was considering all the funding options available to bring in some extra cash and continue operations
- Shares in Great Boulder last traded for 5.2 cents each on August 5
Great Boulder Resources (GBR) has requested back-to-back trading halts ahead of a proposed capital raise.
The halts will remain in place until August 12 or when the announcement is released.
In its June quarterly report, Great Boulder announced it had $717,000 in total cash reserves — meaning it could fund operations for just one more quarter.
As a result, Great Boulder claimed it was considering all the funding options available to bring in some extra cash and continue operations.
Great Boulder last entered a trading halt in August 2019 in regards to the acquisition of the Whiteheads Gold Project.
The company signed a heads of agreement with Zebina Minerals to acquire a 75 per cent interest in the project.
The project hosts multiple large-scale gold anomalies and has previously intersected up to 11.9g/t gold.
Shares in Great Boulder last traded for 5.2 cents each on August 5.
