Join our daily newsletter At The Bell to receive exclusive market insights
- Celsius Resources (CLA) enters into a trading halt ahead of a capital raise
- So far, there is no detail on how much the company is aiming to raise or where it plans to spend the money
- The halt means company shares will be paused until Tuesday, August 2, or when further information has been released to the market
- Shares in Celsius last traded at 1.6 cents prior to the halt on July 29
Celsius Resources (CLA) has entered into a trading halt ahead of a capital raise.
There are currently no details on how much the company is aiming to raise or where it plans to spend the money.
Shares in the company will be paused until Tuesday, August 2, or when further information has been released to the market.
Celsius is a copper-gold exploration and development company with projects in the Philippines.
Just recently, the company received “outstanding” high-grade assay results from its ongoing drilling program at its flagship MCB copper-gold project in the Philippines.
The results were in line with previous results, with the stand out hole MCB-038 continuing to confirm and expand two additional higher grade zones.
Shares in Celsius last traded at 1.6 cents prior to the halt on July 29.
