- Alligator Energy (AGE) shares have been placed in a trading halt pending a capital raise announcement
- It is currently unknown how much it is aiming to raise and where the funds will be spent
- The halt is set to be lifted once the raise has been formally announced on or before December 21
- In its most recent news, the junior explorer completed its acquisition of the Samphire uranium project in South Australia
- AGE shares last traded at 0.9 cents each prior to the trading halt on September 16
Alligator Energy (AGE) shares have been placed in a trading halt pending a capital raise announcement.
So far, there is no details on how much it is aiming to raise and where the funds will be spent.
The halt is set to be lifted once the raise has been formally announced on or before December 21.
The company has indicated it is not aware of any reason why the trading halt should not be granted, or of any other information necessary to inform the market regarding the trading halt
The company’s most recent annual report shows just over $900,000 in the bank but a net cash outflow of around $713,500 for FY2020.
In its most recent news, the junior explorer completed its acquisition of the Samphire uranium project in South Australia.
The company issued a total of 679,561,608 fully paid ordinary shares to Samphire Uranium for the purchase of S Uranium, a wholly-owned subsidiary which holds a 100 per cent stake in the project.
AGE shares last traded at 0.9 cents each prior to the trading halt on September 16.